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The Quantification of Structural Reforms : Taking Stock of the Results for OECD and Non-OECD Countries

Égert, Balázs - 2021

This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for...

Persistent link: https://www.econbiz.de/10013314764

Virtual capacity and competition

Schultz, Christian - 2005

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...

Persistent link: https://www.econbiz.de/10010261290

The Sociology of Cartels

Haucap, Justus; Heldman, Christina - 2022

for years or even decades. While the literature has presented several determinants of cartel stability, the vast majority …, 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

Conspiracy Against the Public Â€“ an Experiment on Collusion

Johnsen, Åshild A. - 2019

We study to what extent collusive behavior is affected by the awareness of negative externalities. Theories of outcome-based social preferences suggest that negative externalities make collusion harder to sustain than predicted by standard economic theory, while sociological theories of social...

Persistent link: https://www.econbiz.de/10012892045

Relational Collusion in the Colombian Electricity Market

Bernasconi, Mario; Espinosa, Miguel; Macchiavello, Rocco; … - 2023

cartel functioned and how firms may have communicated. Calibrating the dynamic enforcement constraint confirms that collusion …

Persistent link: https://www.econbiz.de/10014357630

Won't Get Fooled Again : A Supervised Machine Learning Approach for Screening Gasoline Cartels

Silveira, Douglas; Vasconcelos, Silvinha; Resende, Marcelo - 2021

In this article, we combine machine learning techniques with statistical moments of the gasoline price distribution. By doing so, we aim to detect and predict cartels in the Brazilian retail market. In addition to the traditional variance screen, we evaluate how the standard deviation,...

Persistent link: https://www.econbiz.de/10013250047

Strategic Leaks in First-Price Auctions and Tacit Collusion : The Case of Spying and Counter-Spying

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2021

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential bidding, complicated by the fact that the spy may be a counterspy who serves the interests of the spied at bidder and reports strategically distorted information. This ambiguity...

Persistent link: https://www.econbiz.de/10013231973

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

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

Gender and Collusion

Haucap, Justus; Heldman, Christina; Rau, Holger Andreas - 2022

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 reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10013296722

Use and Abuse of Antidumping by Global Cartels

Gnutzmann-Mkrtchyan, Arevik; Hoffstadt, Martin - 2021

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 … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …

Persistent link: https://www.econbiz.de/10013314861