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is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10010281843
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it also increases competitive pressure on former telecommunications monopolists. This paper points to the largely overlooked downside. In a pure world of Internet telephony, there...
Persistent link: https://www.econbiz.de/10010264805
We address one of the cardinal puzzles of European corporate law: the lack of derivate share-holder suits. We explain this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal...
Persistent link: https://www.econbiz.de/10010270439
Two suppliers of a homogenous good know that, in the second period, they will be able to collude. Gains from collusion … innovation. Innovation changes the status quo pay-off, and thereby affects the distribution of the gains from collusion. The …
Persistent link: https://www.econbiz.de/10010264811
This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As … discount factor needed to sustain this equilibrium is then shown to be unambiguously lower than the one needed for collusion in …
Persistent link: https://www.econbiz.de/10010266966
clearing an R&D agreement can be beneficial since it removes the additional collusion incentive resulting from fear that … risk of collusion in the product market if products are substitutes, if capacity cannot immediately be extended, if market …
Persistent link: https://www.econbiz.de/10008779115
has changed such that "tacit collusion" or "coordinated effects" become disturbingly more likely. It seems that antitrust … conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta …
Persistent link: https://www.econbiz.de/10010483415
We report an experiment designed to test the influence of noisy commitments on efficiency in a simple bargaining game. We investigate two different levels of commitment reliability in a variant of the peasant-dictator game. Theoretical analysis suggests that the reliability of commitments in...
Persistent link: https://www.econbiz.de/10010264783
In a market environment with random detection of product quality, a firm can employ umbrella branding as a strategy to convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality of one or both of its products. We characterize...
Persistent link: https://www.econbiz.de/10010264839