Similar Search Results

Kaplow, Louis - 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10012465789

Religion, Longevity, and Cooperation : The Case of the Craft Guild

Richardson, Gary - 2008

When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of...

Persistent link: https://www.econbiz.de/10012464643

The Diffusion of New Institutions : Evidence from Renaissance Venice's Patent System

Comino, Stefano - 2017

What factors affect the diffusion of new economic institutions? This paper examines this question by exploiting the introduction of the first regularized patent system, which appeared in the Venetian Republic in 1474. We begin by developing a model that links patenting activity of craft guilds...

Persistent link: https://www.econbiz.de/10012453595

Clans, Guilds, and Markets : Apprenticeship Institutions and Growth in the Pre-Industrial Economy

de la Croix, David - 2016

In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge...

Persistent link: https://www.econbiz.de/10012456543

Sticky Prices, Coordination and Collusion

Driscoll, John C. - 1999

New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...

Persistent link: https://www.econbiz.de/10012471622

Collusion, Mergers, and Related Antitrust Issues

Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021

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 collusion, this includes important theoretical and empirical work on the …

Persistent link: https://www.econbiz.de/10012616623

Does Entry Remedy Collusion? Evidence from the Generic Prescription Drug Cartel

Starc, Amanda; Wollmann, Thomas G. - National Bureau of Economic Research - 2022

the cartel's internal operations to regulatory filings and market data. We find that collusion induces significant entry …

Persistent link: https://www.econbiz.de/10013172185

Quotas and the Stability of Implicit Collusion

Rotemberg, Julio J. - 1986

from a model in which the firms are assumed to sustain collusion by the threat …

Persistent link: https://www.econbiz.de/10012477124

Trade Restrictions as Facilitating Practices

Krishna, Kala - 1985

This paper deals with the effect of trade restrictions on competition in oligopolistic markets. Quantitative restrictions, such as VER's (Voluntary Export Restrictions) are shown to affect the extent to which foreign firms can compete in the domestic market, and hence to raise the equilibrium...

Persistent link: https://www.econbiz.de/10012477540

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

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/10012480205

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