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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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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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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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Virtual capacity and competition
Schultz, Christian (contributor) - 2005
In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...
Persistent link: https://www.econbiz.de/10003110458
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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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Company tax reform in Europe and its effect on collusive behavior
Schindler, Dirk (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003363498
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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
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Gender and collusion
Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012938866