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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/10012453751
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Sticky Prices, Coordination and Collusion
Driscoll, John C. - 1999
; 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/10012471622
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Collusion, Mergers, and Related Antitrust Issues
Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021
This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...
Persistent link: https://www.econbiz.de/10012616623
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Entry and Predation : British Shipping Cartels 1879-1929
Morton, Fiona Scott - 1996
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/10012473179
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Empirical Evidence for Collusion in the U.S. Auto Market?
Lambson, Val Eugene - 1992
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/10012474864
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Strategic Use of Antidumping Law to Enforce Tacit International Collusion
Staiger, Robert W. - 1989
We consider the impact of domestic antidumping law in a two-country partial equilibrium model where domestic and foreign firms tacitly collude in the domestic market. Firms engage in an infinitely repeated game, with each period composed of a two-stage game. In the first stage each firm chooses...
Persistent link: https://www.econbiz.de/10012476032
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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/10012458501
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News, Noise, and Fluctuations : An Empirical Exploration
Blanchard, Olivier J. - 2009
We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information; these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual changes...
Persistent link: https://www.econbiz.de/10012463634
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Adverse Selection in Competitive Search Equilibrium
Guerrieri, Veronica - 2009
We extend the concept of competitive search equilibrium to environments with private information, and in particular adverse selection. Principals (e.g. employers or agents who want to buy assets) post contracts, which we model as revelation mechanisms. Agents (e.g. workers, or asset holders)...
Persistent link: https://www.econbiz.de/10012463733
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A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms
Rotemberg, Julio J. - 1984
This paper studies implicitly colluding oligopolists facing fluctuating demand. The credible threat of future punishments provides the discipline that facilitates collusion. However, we find that the temptation to unilaterally deflate from the collusive outcome is often greater when demand is...
Persistent link: https://www.econbiz.de/10012477677