Showing 1 - 10 of 92
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
This paper examines bidding in auctions for state highway construction contracts on Long Island in the early 1980s, in … order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the … collusive scheme. The paper looks at differences in behavior between ring members and non-members. In these auctions, collusio …
Persistent link: https://www.econbiz.de/10013310562
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
Vertical rebates are prominently used across a wide range of industries. These con- tracts may induce greater retail effort, but may also prompt retailers to drop competing products. We study these offsetting efficiency and foreclosure effects empirically, using data from one retailer. Using a...
Persistent link: https://www.econbiz.de/10013071298
that banks, by avoiding (even the appearance of) collusion, now incur the costs of executing customers' orders …
Persistent link: https://www.econbiz.de/10012958583
This paper empirically investigates the possible market power effects of vertical integration proposed in the theoretical literature on vertical foreclosure. It uses a rich data set of cement and ready-mixed concrete plants that spans several decades to perform a detailed case study. There is...
Persistent link: https://www.econbiz.de/10012760386
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10012760415
We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable...
Persistent link: https://www.econbiz.de/10012760428
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
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...
Persistent link: https://www.econbiz.de/10012760665