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Compensation against fuel inflation : temporary tax rebates or transfers?
Bonnet, Odran; Fize, Etienne; Loisel, Tristan; Wilner, … - 2024
This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual bank account data at the transaction level, we properly...
Persistent link: https://www.econbiz.de/10014467335
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Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10011398061
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The impact of horizontal mergers on market structure : evidence from the semiconductor industry
Siebert, Ralph - 2016
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
Persistent link: https://www.econbiz.de/10011481190
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Multi-market collusion with demand linkages and antitrust enforcement
Choi, Jay Pil; Gerlach, Heiko A. - 2009
This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …
Persistent link: https://www.econbiz.de/10003850139
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Global cartels, leniency programs and international antitrust cooperation
Choi, Jay Pil; Gerlach, Heiko A. - 2010
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members. -- cartel formation ; multi-market contact ; leniency programs ; international antitrust cooperation …
Persistent link: https://www.econbiz.de/10003955227
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Policy innovations, political preferences, and cartel prosecutions
Ghosal, Vivek; Sokol, D. Daniel - 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/10011346282
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Fighting collusion by permitting price discrimination
Helfrich, Magdalena; Herweg, Fabian - 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/10011434582
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Vertical integration and downstream collusion
Biancini, Sara; Ettinger, David - 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/10011482885
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Transparency and tacit collusion in a differentiated market
Schultz, Christian - 2002
This paper investigates the effects on tacit collusion of increased market transparency on the consumer side of a market in a differentiated Hotelling duopoly. Increasing market transparency increases the benefits to a firm from underbutting the collusive price. It also decreases the punishment...
Persistent link: https://www.econbiz.de/10011409987
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Collusion by algorithm: the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034