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Vertical differentiation and collusion : cannibalization or proliferation?
Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
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Pricing by international airline alliances : a retrospective study using supplementary foreign-carrier fare data
Brueckner, Jan K.; Singer, Ethan - 2019
This study provides further empirical evidence on pricing by international airline alliances. The paper covers a long sample period, which runs from 1997 to 2016, and it supplements the usual USDOT fare data with confidential fare data reported by the foreign alliance partners of US carriers....
Persistent link: https://www.econbiz.de/10012022210
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Price competition and endogenous product choice in networks : evidence from the US airline industry
Bontemps, Christian; Gualdani, Cristina; Remmy, Kevin - 2023
We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first stage before competing in price in the second stage. Spillovers in entry decisions across markets are allowed, which accrue on the demand, marginal cost, and fixed cost sides. We...
Persistent link: https://www.econbiz.de/10014313556
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Incentive to squeal : an experiment on leniency programs for antitrust violations
Radoc, Benjamin; Libre, Philip Amadeus; Prado, Shanti Aubren - 2020
Persistent link: https://www.econbiz.de/10013272119
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How communication makes the difference between a cartel and tacit collusion : a machine learning approach
Andres, Maximilian; Bruttel, Lisa Verena; 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/10013418834
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Industry structure and pricing over the business cycle
Spiegel, Yossi; Stahl, Konrad - 2014
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...
Persistent link: https://www.econbiz.de/10010367376
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Price equilibrium with selling constraints
Moraga-González, José Luis; Watanabe, Makoto - 2023
This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...
Persistent link: https://www.econbiz.de/10014320135
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Cartel stability under an optimal sharing rule
Weikard, Hans-Peter (contributor) - 2005
Persistent link: https://www.econbiz.de/10003356003
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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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Core-stable rings in auctions with independent private values
Biran, Omer; Forges, Françoise - 2010
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative)...
Persistent link: https://www.econbiz.de/10003974150