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pricing; and (3) that due to potential price collusion. The results suggest that given the demand for different brands of …
Persistent link: https://www.econbiz.de/10012778846
This paper assesses the impact of competition on racial discrimination. The dismantling of inter- and intrastate bank restrictions by U.S. states from the mid-1970s to the mid-1990s reduced financial market imperfections, lowered entry barriers facing nonfinancial firms, and boosted the rate of...
Persistent link: https://www.econbiz.de/10012751333
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
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show … that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility … develop a model of compatibility choice in a collusive market and argue that collusion may have enabled the gauge change to …
Persistent link: https://www.econbiz.de/10012862849
(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
. Empirically, we validate the test using plants with common owners, and then test for collusion using data from Chinese …
Persistent link: https://www.econbiz.de/10012977273
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
When an upstream monopolist supplies several competing downstream firms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous experimental studies of this well-known commitment problem by introducing communication. Allowing the...
Persistent link: https://www.econbiz.de/10012992661
The use of “pay-for-delay” settlements in patent litigation – in which a branded manufacturer and generic entrant settle a Paragraph IV patent challenge and agree to forestall entry – has come under considerable scrutiny in recent years. Critics argue that these settlements are collusive...
Persistent link: https://www.econbiz.de/10012993248
costs and benefits from cheating. These contracts succeeded in stabilizing collusion until the entry of new, vertically …
Persistent link: https://www.econbiz.de/10012760014