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Penalising on the basis of the severity of the offence : a sophisticated revenue-based cartel penalty

Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2017

In Katsoulacos et al. (2015) we examined the welfare properties of a number of monetary penalty regimes for tackling cartels, including revenue-based penalties, the most widely used regime. We showed that for a typical industry overcharge-based penalties welfare-dominate the others. However...

Persistent link: https://www.econbiz.de/10011772887

Competition in the presence of individual demand uncertainty

Möller, Marc; Watanabe, Makoto - 2013

This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in airline markets (Borenstein and Rose (1994), Gerardi and Shapiro, (2009)). We introduce individual demand uncertainty into Hotelling’s model of horizontal product differentiation...

Persistent link: https://www.econbiz.de/10010226097

Market structure and advance selling

Möller, Marc; Watanabe, Makoto - 2016

When products are sold in advance, i.e. prior to consumption, consumers trade off an early, uninformed purchase at a low price against a late, informed purchase at a high price. This paper considers the effect of market structure on the prevalence of advance selling. We show that in an...

Persistent link: https://www.econbiz.de/10011446893

On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing

Kerkemezos, Yannis; Karreman, Bas - 2020

We empirically test the hypothesis that the discounts offered by firms to consumers who purchase tickets in advance increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in departure time) of a given flight to its competitors to infer...

Persistent link: https://www.econbiz.de/10012251366

Does stake size matter for cooperation and punishment?

Kocher, Martin; Martinsson, Peter; Visser, Martine - 2006

Persistent link: https://www.econbiz.de/10003408263

The economics of altruistic punishment and the demise of cooperation

Egas, Martijn; Riedl, Arno - 2005

in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …

Persistent link: https://www.econbiz.de/10011343948

Status-seeking in violent subcultures and the double dividend of zero-tolerance

Dur, Robert A. J. - 2006

This paper develops a model in which individuals gain social status among their peers for being 'tough' by committing violent acts. We show that a high penalty for moderately violent acts (zero-tolerance) may yield a double dividend in that it reduces both moderate and extreme violence. The...

Persistent link: https://www.econbiz.de/10011348346

Status-seeking in violent subcultures and the double dividend of zero-tolerance

Dur, Robert A. J. - 2006

Persistent link: https://www.econbiz.de/10003248045

The economics of altruistic punishment and the demise of cooperation

Egas, Martijn; Riedl, Arno - 2005

Persistent link: https://www.econbiz.de/10002982884

The importance of emotions for the effectiveness of social punishment

Hopfensitz, Astrid; Reuben, Ernesto - 2005

Persistent link: https://www.econbiz.de/10003073147

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