Showing 1 - 10 of 298
The paper analyzes multilateral relations and distortions of investments in the Eurasian gas network, supplying gas from countries of the Former Soviet Union to Western Europe. We use a two stage model of endogenous coalition formation to study cooperation among gas producers and transiters,...
Persistent link: https://www.econbiz.de/10008531714
corresponding increased potential for product market collusion. We consider all trajectories that are candidates for an optimal … collusion could thus yield higher total surplus. …
Persistent link: https://www.econbiz.de/10011250909
This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric …-quantity pair, perfect collusion with equal sharing of profit is easier to sustain in the uniform price auction than in the … collusion is attained with simple price-quantity strategies exhibiting capacity withholding. …
Persistent link: https://www.econbiz.de/10009650691
In this paper we present an experiment in which we test the effects of sequential entry on the stability of collusion … makes collusion harder to sustain. In this study, we explore to what extent collusion can be upheld with exogenous entry … prior to entry. We find that collusion is indeed easier to sustain in the latter case than in groups starting large. We …
Persistent link: https://www.econbiz.de/10005836292
We explore the effects of the provision of an information-processing instrument - payoff tables - on behavior in experimental oligopolies. In one experimental setting, subjects have access to payoff tables whereas in the other setting they have not. It turns out that this minor variation in...
Persistent link: https://www.econbiz.de/10008516592
of voluntary collusion (Cowen 1992, Cowen and Sutter 1999). Playing off this asymmetry, Cowen (1992) advances the novel … argument that the “free market in defense services” favored by anarcho-capitalists is a network industry where collusion is … analysis. Furthermore, libertarians’ joint beliefs on public goods and collusion are, contrary to Cowen and Sutter (1999 …
Persistent link: https://www.econbiz.de/10008685373
, on the other hand, that cost effectiveness in a competitive emission permit market could be affected by tacit collusion …
Persistent link: https://www.econbiz.de/10011156971
that an alliance between such airlines may facilitate collusion on price and/or service levels in the partners' overlapping …
Persistent link: https://www.econbiz.de/10011185383
In many markets, empirical evidence suggests that positive production cost shocks are transmitted more quickly and fully to final prices than negative ones. This article explains asymmetric price adjustment caused by firms imperfectly colluding on supra-competitive price levels. While positive...
Persistent link: https://www.econbiz.de/10011110548
This article reports the results of a laboratory experiment that examines the strategic effect of forward contracts on market power in infinitely repeated duopolies. Two competing effects motivate the experimental design. Allaz and Vila (1993) argue that forward markets act like additional...
Persistent link: https://www.econbiz.de/10011112507