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Nonrenewable resources, strategic behavior and the hotelling rule : an experiment
Veldhuizen, Roel van; Sonnemans, Joep - 2011
This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...
Persistent link: https://www.econbiz.de/10011382748
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Corporate social responsibility by joint agreement
Schinkel, Maarten-Pieter; Treuren, Leonard - 2021
Industry-wide voluntary agreements are touted as a means for corporations to take more corporate social responsibility (CSR). We study what type of joint CSR agreement induces firms to increase CSR efforts in a model of oligopolistic competition with differentiated products. Consumers have a...
Persistent link: https://www.econbiz.de/10012591411
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Firm-specific information and explicit collusion in experimental oligopolies
Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015
We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives …
Persistent link: https://www.econbiz.de/10010532614
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R&D cooperatives and market collusion : a global dynamic approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2016
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (American Economic Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...
Persistent link: https://www.econbiz.de/10011520481
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10012926563
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2015
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013012564
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In defense of trusts : R&D cooperation in global perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2013
Persistent link: https://www.econbiz.de/10010191415
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R&D cooperatives and market collusion : a global dynamic approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2017
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (The American Economic Review 78(5): 1133-1137, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...
Persistent link: https://www.econbiz.de/10011602548
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Assessing autonomous algorithmic collusion : Q-learning under short-run price commitments
Klein, Timo - 2018 - Revision: September 2018
A novel debate within competition policy and regulation circles is whether autonomous machine learning algorithms may learn to collude on prices. We show that when fims face short-run price commitments, independent Q-learning (a simple but well-established self-learning algorithm) learns to...
Persistent link: https://www.econbiz.de/10011869980
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Fighting Collusion by Permitting Price Discrimination
Helfrich, Magdalena - 2016
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10012996205