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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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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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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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Keep to sustain or keep to exploit? Why firms keep hard evidence
Agisilaou, Panayiotis - Volkswirtschaftliche Fakultät, … - 2011
enhance the stability of the cartel. Additionally, we prove that firms are more inclined to keep the hard evidence when a …
Persistent link: https://www.econbiz.de/10011107404
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The emergence and stability of heterogeneous cartels
Prokop, Jacek - Volkswirtschaftliche Fakultät, … - 2011
The article focuses on the emergence and operation of cartels in sectors in which companies differ in terms of … production costs. The author shows that stable cartels can operate in sectors made up of enterprises that are heterogeneous in … decisions made by participants. To investigate the behavior of enterprises in the formation and operation of cartels, the Nash …
Persistent link: https://www.econbiz.de/10011258408
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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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A Economia das Firmas Cooperadas e a Análise Antitruste
Esteves, Luiz A. - Volkswirtschaftliche Fakultät, … - 2014
maximize profits, while the cooperative firms aim employment and output stability. The antitrust policy have replicated the …
Persistent link: https://www.econbiz.de/10011112209
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Putting Free-Riding to Work: A Partnership Solution to the Common-Property Problem
Heintzelman, Martin; Salant, Stephen W.; Schott, Stephan - Volkswirtschaftliche Fakultät, … - 2008
The common-property problem results in excessive mining, hunting, and extraction of oil and water. The same phenomenon is also responsible for excessive investment in R&D and excessive outlays in rent-seeking contests. We propose a "Partnership Solution" to eliminate or at least mitigate these...
Persistent link: https://www.econbiz.de/10005621975
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Discovering Cartels: Dynamic Interrelationships between Civil and Criminal Antitrust Investigations
Ghosal, Vivek - Volkswirtschaftliche Fakultät, … - 2006
This paper focuses on the genesis, taxonomy and timeline of U.S. criminal antitrust investigations, and uses time-series data on enforcement to examine the interrelationships between the various criminal enforcement variables as well as the linkages between criminal and civil enforcement. The...
Persistent link: https://www.econbiz.de/10005787032