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Strausz, Roland; Sasaki, Dan - 2008

-monotonic in the number of firms; 4) a regulator may demand inefficiently high levels of durability to prevent collusion. …

Persistent link: https://www.econbiz.de/10010343926

Honest certification and the threat of capture

Strausz, Roland - 2004

This paper derives conditions under which reputation enables certifiers to resist capture. These conditions alone have strong implications for the industrial organization of certification markets: 1) Honest certification requires high prices that may even exceed the static monopoly price. 2)...

Persistent link: https://www.econbiz.de/10010343969

Leniency policies and illegal transactions

Buccirossi, Paolo; Spagnolo, Giancarlo - 2005 - First version: October 1999, Final version: September 8, 2005

enforcers - on sequential, bilateral, illegal transactions, such as corruption, manager-auditor collusion, or drug deals. It is …

Persistent link: https://www.econbiz.de/10010366558

Networks of relations

Lippert, Steffen; Spagnolo, Giancarlo - 2004 - This version: November 03, 2004, First draft: December 2001

We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions … larger networks. …

Persistent link: https://www.econbiz.de/10010366568

A model of vertical oligopolistic competition

Reisinger, Markus; Schnitzer, Monika - 2008

This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...

Persistent link: https://www.econbiz.de/10010365845

The strategic value of partial vertical integration

Fiocco, Raffaele - 2014

We investigate the incentive for partial vertical integration, namely, partial ownership agreements between manufacturers and retailers, when the retailers are privately informed about their production costs and engage in differentiated good price competition. Partial vertical integration...

Persistent link: https://www.econbiz.de/10010341920

Delays in leniency application : is there really a race to the enforcer’s door?

Gärtner, Dennis; Zhou, Jun - 2012 - First version June 2012, Revised November 2012

This paper studies cartels' strategic behavior in delaying leniency applications, a take-up decision that has been ignored in the previous literature. Using European Commission decisions issued over a 16-year span, we show, contrary to common beliefs and the existing literature, that...

Persistent link: https://www.econbiz.de/10009685867

Cartel duration and endogenous private monitoring and communication : an instrumental variables approach

Zhou, Jun - 2012

Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is difficult because of endogeneity and omitted variable bias....

Persistent link: https://www.econbiz.de/10009571067

Bargaining and collusion in a regulatory relationship

Fiocco, Raffaele; Gilli, Mario - 2014

setting, we explore the scope for collusion between the regulator and the firm, which results in the manipulation of the … regulator's report on the firm's costs to Congress. The firm's bene.t of collusion arises from the higher price the efficient … collusion only if the regulator's bargaining power in the regulatory relationship is relatively high. Then, we derive the …

Persistent link: https://www.econbiz.de/10010371305

Signalling rivalry and quality uncertainty in a duopoly

Bester, Helmut; Demuth, Juri - 2013

This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent') offers a quality that is publicly known; the other firm (the `entrant') offers a new good whose quality is not known by some consumers. The incumbent is fully informed about the...

Persistent link: https://www.econbiz.de/10009781393

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