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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
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Consumer search and oligopolistic pricing : an empirical investigation
Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...
Persistent link: https://www.econbiz.de/10010261272
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Algorithmic Pricing and Competition : Empirical Evidence from the German Retail Gasoline Market
Assad, Stephanie - 2020
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and …
Persistent link: https://www.econbiz.de/10012824575
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A note on costly sequential search and oligopoly pricing
Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004
We modify the paper of Stahl (1989) on sequential consumer search in an oligopoly context by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, a new equilibrium arises where consumers randomize between not searching...
Persistent link: https://www.econbiz.de/10010261082
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The Impact of Price Adjustment Costs on Price Dispersion in E-Commerce
Böheim, René - 2019
We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to instrument for potential endogeneity that might result from the selection of firms to certain product markets. We find that greater price adjustment costs result in greater price...
Persistent link: https://www.econbiz.de/10012892080
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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
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Conspiracy Against the Public €“ an Experiment on Collusion
Johnsen, Åshild A. - 2019
theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be …
Persistent link: https://www.econbiz.de/10012892045
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Collusive Compensation Schemes Aided by Algorithms
Martin, Simon; Schmal, Wolfgang Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10013310765
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How Communication Makes the Difference between a Cartel and Tacit Collusion : A Machine Learning Approach
Andres, Maximilian; Bruttel, Lisa; Friedrichsen, Jana - 2022
This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10014243096
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Exclusive Data, Price Manipulation and Market Leadership
Gu, Yiquan - 2019
The unprecedented access of firms to consumer level data not only facilitates more precisely targeted individual pricing but also alters firms' strategic incentives. We show that exclusive access to a list of consumers can provide incentives for a firm to endogenously assume the price leader's...
Persistent link: https://www.econbiz.de/10012861421