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A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim; Pakes, Ariel - 2001

Most of the theoretical work on collusion and price wars assumes identical firms and an unchanging environment …, assumptions which are at odds with what we know about most industries. Further that literature focuses on the impact of collusion … on prices. Whether an industry can support collusion also effects investment incentives and hence the variety, cost, and …

Persistent link: https://www.econbiz.de/10014156182

Vertical Information Restraints : Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions

Asker, John - 2016

manufacturer collusion. Thus, welfare effects may be positive or negative compared to RPM or to the absence of such restrictions …

Persistent link: https://www.econbiz.de/10012980147

Theory and Evidence on Employer Collusion in the Franchise Sector

Krueger, Alan B. - 2018

In this paper we study the role of covenants in franchise contracts that restrict the recruitment and hiring of employees from other units within the same franchise chain in suppressing competition for workers. Based on an analysis of 2016 Franchise Disclosure Documents, we find that...

Persistent link: https://www.econbiz.de/10012914699

Measuring Market Power in U.S. Industry

Shapiro, Matthew D. - 2021

Non-competitive conduct can be assessed by estimating the size of the markup or Lerner index achieved in a market. The markup implies a price elasticity of demand faced by the representative firm. For a given markup, non-competitive conduct is greater the more elastic is the market elasticity of...

Persistent link: https://www.econbiz.de/10013219198

Ohio School Milk Markets : An Analysis of Bidding

Porter, Robert H.; Zona, J. Douglas - 2021

behavior of these firms is consistent with collusion. The estimated average effect of collusion on market prices is about six …

Persistent link: https://www.econbiz.de/10013221093

Exclusive Dealing

Bernheim, Bert Douglas; Whinston, Michael D. - 2021

In this paper, we provide a conceptual framework for understanding the phenomenon of exclusive dealing, and we explore the motivations for and effects of its use. For a broad class of models, we characterize the outcome of a contracting game in which manufacturers may employ exclusive dealing...

Persistent link: https://www.econbiz.de/10013221921

Entry and Predation : British Shipping Cartels 1879-1929

Scott Morton, Fiona - 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

A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim; Pakes, Ariel - 2021

Persistent link: https://www.econbiz.de/10013223570

Dynamic Pricing in Retail Gasoline Markets

Borenstein, Severin; Shepard, Andrea - 2021

collusion among firms. Recent supergame models show that the highest supportable collusive price is a function of today's profit …

Persistent link: https://www.econbiz.de/10013234346

Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity

Rotemberg, Julio; Woodford, Michael - 2021

We construct a dynamic general equilibrium model in which the typical industry colludes by threatening to punish deviations from an implicitly agreed upon pricing path. We argue that models of this type explain better than do competitive models the way in which the economy responds to aggregate...

Persistent link: https://www.econbiz.de/10013234945