Showing 1 - 10 of 255
behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10013080623
Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...
Persistent link: https://www.econbiz.de/10013074160
There is a growing concern that minority shareholding (MS) in rival firms may facilitate collusion. To examine this …
Persistent link: https://www.econbiz.de/10012932566
We study competition in markets with transport costs and capacity constraints. We compare the outcomes of price competition and coordination in a theoretical model and find that when firms compete, they more often serve more distant customers who are closer to the competitor’s plant. If firms...
Persistent link: https://www.econbiz.de/10014033912
This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment on the magnitude of overcharges is analyzed. The...
Persistent link: https://www.econbiz.de/10014167372
The paper provides a comprehensive survey of the economics behind the fight against hard core cartels. Differentiating between four subsequent stages – characterisation, welfare effects, enforcement and evaluation – the paper pays particular attention to cartel detection methods, the...
Persistent link: https://www.econbiz.de/10014188036
This paper examines the issue of market foreclosure by airline partnerships with antitrust immunity. Overlapping the data on frequency of service and passenger volumes on nonstop routes on the transatlantic airline market with the information on dynamics of airline partnerships, we find evidence...
Persistent link: https://www.econbiz.de/10014188037
largest firms bidding in provincial road paving procurement auctions in Quebec between 2007 and 2015. I use the police … investigation into collusion and corruption in the Quebec construction industry launched in October 2009 to capture the end of this …
Persistent link: https://www.econbiz.de/10012858034
A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this …, whose asphalt industry has not been the subject of collusion allegations. Our findings provide causal evidence that the …
Persistent link: https://www.econbiz.de/10014091634
Persistent link: https://www.econbiz.de/10014506238