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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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A Dynamic Oligopoly with Collusion and Price Wars
Fershtman, Chaim - 1999
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...
Persistent link: https://www.econbiz.de/10012471871
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001
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Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
Rotemberg, Julio J. - 1989
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/10012475831
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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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The Scope for Collusive Behavior Among Debtor Countries
Fernández, Raquel - 1989
We study the question of whether there exist strategies whereby countries are able to sustain a cartel or collusive … scale in bargaining--if commitment were possible the countries would benefit from joint bargaining--a debtors' cartel will …
Persistent link: https://www.econbiz.de/10012476068
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Transitional Market Dynamics in Complex Environments
Benkard, C. Lanier; Jeziorski, Przemyslaw; Weintraub, … - National Bureau of Economic Research - 2024
empirical setting of technology adoption and to two classic dynamic oligopoly models, demonstrating that, in a wide variety of …
Persistent link: https://www.econbiz.de/10015094887
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A Computable Dynamic Oligopoly Model of Capacity Investment
Gowrisankaran, Gautam; Schmidt-Dengler, Philipp - National Bureau of Economic Research - 2024
This paper analyzes dynamic oligopoly models where investment is the principal strategic variable of interest, there …
Persistent link: https://www.econbiz.de/10014544678
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Price and Capacity Competition
Acemoglu, Daron - 2006
We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …
Persistent link: https://www.econbiz.de/10012465855
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Dynamic Price Competition with Capacity Constraints
Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024
We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...
Persistent link: https://www.econbiz.de/10014635636