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A note on consumer flexibility, data quality and collusion

Hasnas, Irina - 2014

In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price discriminate among consumers based on two types of customer data. This work is related to Liu and Serfes (2007) and Sapi and Suleymanova (2013). Following Sapi and Suleymanova we...

Persistent link: https://www.econbiz.de/10010343547

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/10012990230

Algorithmic and human collusion

Werner, Tobias - 2021

As self-learning pricing algorithms become popular, there are growing concerns among academics and regulators that algorithms could learn to collude tacitly on non-competitive prices and thereby harm competition. I study popular reinforcement learning algorithms and show that they develop...

Persistent link: https://www.econbiz.de/10012661268

Passive backward acquisitions and downstream collusion

Shekhar, Shiva; Thomes, Tim Paul - 2020

collusive price that is set by the cartel to increase the acquirer's profit from its claim on the upstream margin. …

Persistent link: https://www.econbiz.de/10012297609

Private information, price discrimination, and collusion

Peiseler, Florian; Rasch, Alexander; Shekhar, Shiva - 2018

We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price-discriminate based on private information regarding consumers' preferences. In particular, firms receive private signals which can be noisy (e.g., big data predictions). We find that...

Persistent link: https://www.econbiz.de/10011892956

Let's lock them in : collusion under consumer switching costs

Fourberg, Niklas - 2018

, especially for the focus of cartel screening. …

Persistent link: https://www.econbiz.de/10011892961

Pricing behavior in partial cartels

Odenkirchen, Johannes - 2018

communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is … sufficient to increase market prices for all firms. Moreover, we find that prices of cartel insiders and outsiders are not … necessarily on the same level what contradicts common theoretical predictions. This is because communication allows cartel members …

Persistent link: https://www.econbiz.de/10011897162

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/10012886259

Algorithmic price recommendations and collusion : experimental evidence

Hunold, Matthias; Werner, Tobias - 2023

This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...

Persistent link: https://www.econbiz.de/10014442786

Transparency, price-dependent demand and product variety

Gu, Yiquan; Wenzel, Tobias - 2010

This paper revisits the relationship between transparency on the consumer side and product variety as analyzed in Schultz (2009). We identify two welfare effects of transparency. More transparency decreases price-cost margins which is beneficial forwelfare. On the other hand, more transparency...

Persistent link: https://www.econbiz.de/10008666960

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