Narrow search
Showing 1 - 10 of 121
Cover Image
Collusion at the Extensive Margin
Byford, Martin C. - 2014
from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive …
Persistent link: https://www.econbiz.de/10013053469
Cover Image
Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
Cover Image
The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
Cole, Harold L. - 2013
model framework, we use the fact that many cartel policies are observationally equivalent to a country-specific labor tax … wedge. We estimate a monetary DSGE model with cartel wedges along with productivity and monetary shocks. Our main finding is … that cartel policy shocks account for the bulk of the Depression in the countries that adopted significant cartel policies …
Persistent link: https://www.econbiz.de/10013086305
Cover Image
Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
The transition of the advertising market from traditional media to the internet has induced a proliferation of marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive bidding can emerge from bid delegation to a common...
Persistent link: https://www.econbiz.de/10012944647
Cover Image
Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
Though economists have made substantial progress toward formulating theories of collusion in industrial cartels that account for a variety of fact patterns, important puzzles remain. Standard models of repeated interaction formalize the observation that cartels keep participants in line through...
Persistent link: https://www.econbiz.de/10013056583
Cover Image
International Price-Fixing Cartels and Developing Countries : A Discussion of Effects and Policy Remedies
Levenstein, Margaret C.; Suslow, Valerie Y.; Oswald, … - 2021
recent cartel cases, as well as at a broader cross-section of 42 recently prosecuted international cartels. We discuss the …
Persistent link: https://www.econbiz.de/10013221847
Cover Image
Entry and Predation : British Shipping Cartels 1879-1929
Scott Morton, Fiona M. - 2021
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 a price war against the entrant; some entrants are formally admitted … to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will …
Persistent link: https://www.econbiz.de/10013222218
Cover Image
Trade Warfare : Tariffs and Cartels
Brander, James A.; Spencer, Barbara J. - 2021
National governments have incentives to intervene in international markets, particularly in encouraging export cartels and in imposing tariffs on imports from imperfectly competitive foreign firms. Although the optimal response to foreign monopoly is usually a tariff, a specific subsidy will be...
Persistent link: https://www.econbiz.de/10013234976
Cover Image
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 market before, during, and after the voluntary restraint arrangements (VRAs) with Japan. Conclusions about whether the model is consistent with the bans from the various regimes...
Persistent link: https://www.econbiz.de/10013236785
Cover Image
Sticky Prices, Coordination and Collusion
Driscoll, John C.; Ito, Harumi - 2021
; this is equivalent to modeling firms as an implicit cartel playing a punishment game. We show that coordination can …
Persistent link: https://www.econbiz.de/10013249355