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Airline Alliances, Carve-Outs and Collusion

Brueckner, Jan K. - 2011

In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international … density. Under this approximation, the incentives for interhub collusion are no different before and after the emergence of an …

Persistent link: https://www.econbiz.de/10013119837

Sustainability of Product Market Collusion Under Credit Market Imperfections

Marjit, Sugata - 2017

We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...

Persistent link: https://www.econbiz.de/10012963378

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 preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...

Persistent link: https://www.econbiz.de/10013012564

Vertical Integration and Downstream Collusion

Biancini, Sara - 2016

We investigate the effect of a vertical merger on downstream firms' ability to collude in a repeated game framework. We show that a vertical merger has two main effects. On the one hand, it increases the total collusive profits, increasing the stakes of collusion. On the other hand, it creates...

Persistent link: https://www.econbiz.de/10012987391

Optimal Regulation of Auditing

Pagano, Marco; Immordino, Giovanni - 2021

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model...

Persistent link: https://www.econbiz.de/10013317070

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

Salience in Retailing : Vertical Restraints on Internet Sales

Helfrich, Magdalena - 2017

price is salient in the store, this aligns the retailer's incentives with the brand manufacturer's interest to make quality …

Persistent link: https://www.econbiz.de/10012947991

Optimal Cross-Licensing Arrangements : Collusion Versus Entry Deterrence

Choi, Jay Pil - 2018

. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to … otherwise relax competition and sustain a collusive outcome, dulls incentives to litigate against entrants. Our analysis can … industry as such arrangements enhance incentives to litigate against any potential entrants and can be used as entry …

Persistent link: https://www.econbiz.de/10012912373

Private Monitoring, Collusion and the Timing of Information

Khalil, Fahad; Lawarree, Jacques P.; Scott, Troy Joseph - 2015

When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead to an extreme waste of resources - the so-called...

Persistent link: https://www.econbiz.de/10014043494

Shall We Keep the Highly Skilled at Home? The Optimal Income Tax Perspective

Simula, Laurent - 2011

interaction between the incentive-compatibility and participations constraints may cause countervailing incentives. In important …

Persistent link: https://www.econbiz.de/10013130418

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