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Silence is golden: communication, silence, and cartel stability
Basuchoudhary, Atin; Conlon, John R. - Volkswirtschaftliche Fakultät, … - 2013
This paper studies how cartel stability is influenced by asymmetric information and communication about demand. Firms … its partners and another where it does not. We show that cartels are extremely unstable when the informed firm … communicates with the uninformed firms. However, when the informed firm does not communicate with the uninformed firms cartels can …
Persistent link: https://www.econbiz.de/10011110577
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Competition and the Strategic Choice of Managerial Incentives: the Relative Performance Case
Chirco, Alessandra; Colombo, Caterina; Scrimitore, Marcella - Volkswirtschaftliche Fakultät, … - 2009
In this paper we study the role of market competitiveness in a strategic delegation game in which owners delegate output decisions to managers interested in the firm's relative performance. In particular we study how the optimal delegation scheme - i.e. the distortion from pure profit...
Persistent link: https://www.econbiz.de/10008490537
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Managerial Incentives and Stackelberg Equilibria in Oligopoly
Scrimitore, Marcella - Volkswirtschaftliche Fakultät, … - 2010
The paper investigates both quantity and price oligopoly games in markets with a variable number of managerial and entrepreneurial firms which defines market structure. Following Vickers (Economic Journal, 1985) which establishes an equivalence between the equilibrium under unilateral delegation...
Persistent link: https://www.econbiz.de/10008534210
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Strategic commitment to pursue a goal other than profit in a Cournot duopoly
Rtischev, Dimitry - Volkswirtschaftliche Fakultät, … - 2012
Competition among profit-seeking firms in an oligopolistic industry inherently generates incentives for firms to commit to maximize a performance metric other than profit. We briefly review the underlying theory, analyze its ramifications in a Cournot duopoly, and consider feasibility...
Persistent link: https://www.econbiz.de/10011109023
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The international mercury cartel, 1928-1949
López-Morell, Miguel A.; Segreto, Luciano - Volkswirtschaftliche Fakultät, … - 2013
Mercury has been one of the most persistent cases in contemporary history of international market regulations and this in spite of its having been affected by important technological changes and the regular discovery of new deposits. This paper offers an approach to the least known period,...
Persistent link: https://www.econbiz.de/10011259118
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Economic Approach to Counteracting Cartels
Fornalczyk, Anna - Volkswirtschaftliche Fakultät, … - 2009
– cartels – represent the most severe form of competition law infringement. Why are these agreements subject to the highest … of business? Which methods make it possible to differentiate cartels from competition in oligopolistic markets including …
Persistent link: https://www.econbiz.de/10008599107
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Polish Antitrust Law in its Fight against Cartels - Awaiting a Breakthrough
Molski, Rajmund - Volkswirtschaftliche Fakultät, … - 2009
performance of the Polish antitrust authority in its fight against cartels. Special attention is devoted to the substantive … arsenal of sanctions available in cartels cases. The paper will show that Poland has sound anti-cartel laws and an antitrust … cartels more dynamic. …
Persistent link: https://www.econbiz.de/10008599130
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Polish Leniency Programme and its Intersection with Private Enforcement of Competition Law
Rumak, Ewelina; Sitarek, Piotr - Volkswirtschaftliche Fakultät, … - 2009
This paper is devoted to the Polish leniency programme, including the conditions of obtaining lenient treatment and the applicable procedure. The type, scope and form of information that must be submitted are commented on as well as the marker system and summary applications. The intersection of...
Persistent link: https://www.econbiz.de/10008599143
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Equal Strength or Dominant Teams: Policy Analysis of NFL
Biner, Burhan - Volkswirtschaftliche Fakultät, … - 2009
In North America, professional sports leagues operate mostly as cartels. They employ certain policies such as revenue …
Persistent link: https://www.econbiz.de/10008518106
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On the sustainability of collusion in Bertrand supergames with discrete pricing and nonlinear demand
Zimmerman, Paul R. - Volkswirtschaftliche Fakultät, … - 2010
In traditional industrial organization models of Bertrand supergames, the critical discount factor governing the sustainability of collusion is independent of key demand and supply parameters. Recent research has demonstrated that these counterintuitive results stem from the assumption that...
Persistent link: https://www.econbiz.de/10008545986