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Marketing Agencies and Collusive Bidding in Online Ad Auctions

Decarolis, Francesco - 2017

marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … (used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms the GSP …

Persistent link: https://www.econbiz.de/10012944647

Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets

Genakos, Christos - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10013122878

Antitrust

Kaplow, Louis - 2010

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10012760415

Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels

Knittel, Christopher R. - 2010

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … that two types of price wars may exist. In one, collusion can involve periods of mixed strategy price wars. In the other …

Persistent link: https://www.econbiz.de/10012760596

Collusion at the Extensive Margin

Byford, Martin C. - 2014

We augment the multi-market collusion model of Bernheim and Whinston (1990) by allowing for firm entry into, and exit … agreement: Collusion at the extensive margin whereby firms collude by avoiding entry into each other's markets or territories …. We characterise parameter values that sustain this type of collusion and identify the assumptions where this collusion is …

Persistent link: https://www.econbiz.de/10013053469

Entry and Predation : British Shipping Cartels 1879-1929

Scott Morton, Fiona M. - 2021

I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines. The cartel makes the decision whether or not to begin...

Persistent link: https://www.econbiz.de/10013222218

Empirical Evidence for Collusion in the U.S. Auto Market?

Lambson, Val E.; Richardson, J. David - 2021

A supergame theoretic price-setting model of collusion is calibrated to data from the North American passenger car …

Persistent link: https://www.econbiz.de/10013236785

Trade Restrictions as Facilitating Practices

Krishna, Kala - 2021

This paper deals with the effect of trade restrictions on competition in oligopolistic markets. Quantitative restrictions, such as VER's (Voluntary Export Restrictions) are shown to affect the extent to which foreign firms can compete in the domestic market, and hence to raise the equilibrium...

Persistent link: https://www.econbiz.de/10013237592

Sticky Prices, Coordination and Collusion

Driscoll, John C.; Ito, Harumi - 2021

New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...

Persistent link: https://www.econbiz.de/10013249355

Strategic Use of Antidumping Law to Enforce Tacit International Collusion

Staiger, Robert W.; Wolak, Frank - 2021

collusion and greater market share for domestic firms during periods of low demand as a result. This occurs in spite of the fact …

Persistent link: https://www.econbiz.de/10013210568