Showing 1 - 10 of 52
-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …
Persistent link: https://www.econbiz.de/10011388208
Antidumping creates opportunities for abuse to stifle market competition. Whether cartels actually abuse trade policy …
Persistent link: https://www.econbiz.de/10012425635
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …
Persistent link: https://www.econbiz.de/10013177648
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate … focuses on firms as entities, even though cartels are typically formed between individuals who need to develop structures that … allow them to establish trust and ensure cooperation. We analyze 15 German cartels, focusing on the individual participants …
Persistent link: https://www.econbiz.de/10013427700
investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … could be jeopardized if the firms were engaging in collusion, as the likelihood of detection and prosecution would increase … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect …
Persistent link: https://www.econbiz.de/10010277361
problem is to certify the private signal and make it public. When collusion between the certifier and the agent is an issue … if this certification raises the specter of collusion. …
Persistent link: https://www.econbiz.de/10010328839
We study the implications of credit constraints for the sustainability of product market collusion in a bank … degree of collusion, but a substantial increase keeps it unaffected relative to the no-constraint case. A permanent adverse … demand shock in this setup does not affect the possibility of collusion, but may aggravate financing constraints and …
Persistent link: https://www.econbiz.de/10011615847
We analyze spying out a rival’s price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...
Persistent link: https://www.econbiz.de/10012018167
This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...
Persistent link: https://www.econbiz.de/10011887411
-based social preferences suggest that negative externalities make collusion harder to sustain than predicted by standard economic …
Persistent link: https://www.econbiz.de/10011932058