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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

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

Nationalization as credible threat against tacit collusion

Delbono, Flavio; Lambertini, Luca - 2014

Within a simple model of differentiated oligopoly, we show that tacit collusion may be prevented by the threat of nationalising a private firm coupled with the appropriate choice of the weight given to private profits in the maximand of the nationalised company. We characterise the properties of...

Persistent link: https://www.econbiz.de/10011725688

Collusive vertical relations

Bolatto, Stefano; Lambertini, Luca - 2017

We investigate the possibility for two vertically related firms to at least partially collude on the wholesale price over an in.nite horizon to mitigate or eliminate the e¤ects of double marginalisation, thereby avoiding contracts which might not be enforceable. We characterise alternative...

Persistent link: https://www.econbiz.de/10011674459

Cartel stability, mark-up cyclicality and government spending multipliers

Lambertini, Luca; Marattin, Luigi - 2012

product differentiation, where the analysis of cartel stability under partial collusion points towards procyclical pricing …

Persistent link: https://www.econbiz.de/10011731493

Partial collusion with asymmetric cross-price effects

Savorelli, Luca - 2010

Asymmetries in cross-price elasticities have been demonstrated by several empirical studies. In this paper we study from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion. We characterize the equilibrium of a linear Cournot...

Persistent link: https://www.econbiz.de/10011737876

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

Optimal Cross-Licensing Arrangements : Collusion Versus Entry Deterrence

Choi, Jay Pil - 2018

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/10012912373

Market Segmentation in Two-Sided Markets : TV Rights for Premier League

Kind, Hans Jarle - 2013

This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...

Persistent link: https://www.econbiz.de/10013088134

Newspapers and Advertising : The Effects of Ad-Valorem Taxation Under Duopoly

Kind, Hans Jarle - 2007

Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language in most countries. Newspapers are therefore given preferential tax treatment....

Persistent link: https://www.econbiz.de/10012777828

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