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We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
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standard price and quantity setting oligopoly models. We then study the relation between the number of joint projects and …
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challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
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In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
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structures: duopoly competition, perfect competition, a public welfare-maximizing monopoly, and a private profit …
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