factor potentially leading to collusion. We show that forbidding mergers leading to symmetric market structures can induce … mergers leading to asymmetric market structures with higher risk of collusion, when firms face indivisible costs of collusion …) firm benefits sufficiently more from collusion when industry asymmetries increase, collusion can become more likely when …

The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot … collusive output levels or a 'downward' demand shock. The firms choose between tacit collusion and collusion with communication … the firms are sued for cartel behavior and pay a fine. Tacit collusion is assumed to provide no grounds for the legal …

electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the …/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … restrictions on the offer curves in wholesale electricity auctions …

We analyze how market design influences the bidding behavior in multi-unit procurement auctions where suppliers have …