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Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …, the communication and internal structures within the cartels as well as their breakup. Our results indicate that cartel … individuals involved in these 15 cartels were female, suggesting that gender also plays a role for cartel formation. We further …
Persistent link: https://www.econbiz.de/10014077191
Antidumping creates opportunities for abuse to stifle market competition. Whether cartels actually abuse trade policy … that matches cartel investigations with trade data at the product level. We then estimate the world import price and … quantity effects of antidumping in cartel products. We find that the use of antidumping in cartel industries helps to maintain …
Persistent link: https://www.econbiz.de/10013314861
How effective are “smart” sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to “shield” strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from...
Persistent link: https://www.econbiz.de/10012871020
fracking boom in the US together with former President Trump’s ignorance of his international reputation are key factors in the …
Persistent link: https://www.econbiz.de/10013300872
willingness to pay for sanctions against Russia, the most cost-efficient sanction is a uniform tariff on all Russian products of …
Persistent link: https://www.econbiz.de/10014348044
We examine how the evaluation of research studies in economics depends on whether a study yielded a null result. Studies with null results are perceived to be less publishable, of lower quality, less important, and less precisely estimated than studies with significant results, even when holding...
Persistent link: https://www.econbiz.de/10014082791
Research examining the effect of weak punishment on conformity indicates that punishment can backfire and lead to … of social norms and their interplay with weak punishment in the context of a trust game. Across six conditions, we … systematically vary the combination of existence of weak punishment and norm information. Norm information may refer either to what …
Persistent link: https://www.econbiz.de/10013228854
theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be …
Persistent link: https://www.econbiz.de/10012892045
We consider an international cartel whose members interact repeatedly in their own as well as in third …-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by … the cartel's incentive compatibility constraint (ICC), which links strategically markets that are seemingly unrelated …
Persistent link: https://www.econbiz.de/10012822505
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 …
Persistent link: https://www.econbiz.de/10013296722