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Collusive Agreements in Vertically Differentiated Markets

Marini, Marco A. - 2017

proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms' products along the quality …

Persistent link: https://www.econbiz.de/10012954129

Vertical Differentiation and Collusion : Cannibalization or Proliferation?

Gabszewicz, Jean J. - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...

Persistent link: https://www.econbiz.de/10012997248

Collusion in Quality-Segmented Markets

Bos, Iwan; Marini, Marco A. - 2021

. Within this setting, we study four types of price- xing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industry …-wide cartel. We present a complete characterization of the collusive pricing equilibrium and examine the corresponding effect on …

Persistent link: https://www.econbiz.de/10013251142

Random Encounters and Information Diffusion about Product Quality

Gabszewicz, Jean J.; Marini, Marco A.; Zanaj, Skerdilajda - 2021

This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...

Persistent link: https://www.econbiz.de/10013241098

Is Environmentalism the Right Strategy to Decarbonize the World?

Marini, Marco A.; Tarola, Ornella; Thisse, Jacques-François - 2020

We study how the supply of environmentalism, which is defined by psychic benefits (costs) associated with the purchase of high-environmental (low-environmental) qualities, affects the way firms choose their products and the ensuing consequences for the global level of pollution. Contrary to...

Persistent link: https://www.econbiz.de/10014089885

Myopic Oligopoly Pricing

Bos, Iwan; Marini, Marco A.; Saulle, Riccardo - 2022

This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence ofa unique pure-strategy price solution for any given level of capacity. This solution is shown tocoincide with the...

Persistent link: https://www.econbiz.de/10013308146

Mandatory Disclosure of Managerial Contracts in Nonprofit Organizations

Kopel, Michael; Marini, Marco A. - 2020

Nonprofit organizations have been recently mandated to disclose the details of their executives’ compensation packages. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations competing for donations in the fundraising...

Persistent link: https://www.econbiz.de/10014351943

Shop Until You Drop : the Unexpected Effects of Anticonsumerism and Environmentalism

Maccarrone, Giovanni; Marini, Marco A.; Tarola, Ornella - 2023

In an economy where consumers are heterogeneous in their preferences over the hedonic and environmental attributes of goods on sale, we explore the effects of anti-consumerism and environmentalism. We show that when the environmental attributes of products come at the expense of the hedonic...

Persistent link: https://www.econbiz.de/10014255704

A Sequential Approach to the Characteristic Function and the Core in Games with Externalities

Currarini, Sergio; Marini, Marco A. - 2012

complementarities. We apply this result to cartel formation in Bertrand oligopoly and in Shapley-Shubik (1977) strategic market games …

Persistent link: https://www.econbiz.de/10014128533