Showing 1 - 10 of 11
has changed such that tacit collusion becomes disturbingly more likely. It seems that antitrust neglects the fact that … of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta-study, and relates …
Persistent link: https://www.econbiz.de/10012728899
has changed such that "tacit collusion" or "coordinated effects" become disturbingly more likely. It seems that antitrust … conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta …
Persistent link: https://www.econbiz.de/10013027879
The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is …
Persistent link: https://www.econbiz.de/10014139280
Antitrust authorities all over the world are concerned if a particularly aggressive competitor, a "maverick", is bought out of the market. Yet there is a lack of theoretical justification. One plausible determinant of acting as a maverick is behavioral: the maverick derives utility from acting...
Persistent link: https://www.econbiz.de/10013063241
Hardly any antitrust lawyer would deny that antitrust needs solid foundations in economics. Antitrust authorities hire economists, if they do not even haven the position of a chief economist. Antitrust not only capitalises on economic theory, but it is equally sensitive to empirical studies, be...
Persistent link: https://www.econbiz.de/10014212572
In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set...
Persistent link: https://www.econbiz.de/10014216587
this evidence available. More than 100 of the papers lend themselves to calculating an index of collusion. The data bank …
Persistent link: https://www.econbiz.de/10014053957
This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As … discount factor needed to sustain this equilibrium is then shown to be unambiguously lower than the one needed for collusion in …
Persistent link: https://www.econbiz.de/10012715691
Two suppliers of a homogenous good know that, in the second period, they will be able to collude. Gains from collusion … innovation. Innovation changes the status quo pay-off, and thereby affects the distribution of the gains from collusion. The …
Persistent link: https://www.econbiz.de/10014050117
's cost and thereby always stabilizes collusion …
Persistent link: https://www.econbiz.de/10014056294