Showing 1 - 10 of 18
to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this … screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel … was found to have abused the basing-point system, our method can be used to estimate antitrust damages. …
Persistent link: https://www.econbiz.de/10010326071
illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …
Persistent link: https://www.econbiz.de/10010326004
response to the introduction of (ex-ante and ex-post) leniency programs. We disentangle the effects of traditional antitrust … below the price under antitrust without leniency. On the other hand, for ex-post leniency, improvement is possible and …
Persistent link: https://www.econbiz.de/10010491373
to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe … information is present, suggesting that firms have greater incentives to form cartels in that situation. …
Persistent link: https://www.econbiz.de/10011288400
An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non-cooperators are more persistent in their behavior which...
Persistent link: https://www.econbiz.de/10010325279
cartels, including revenue-based penalties, the most widely used regime. We showed that for a typical industry overcharge …
Persistent link: https://www.econbiz.de/10011819513
antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …
Persistent link: https://www.econbiz.de/10010325912
illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …
Persistent link: https://www.econbiz.de/10014203713
An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non-cooperators are more persistent in their behavior which...
Persistent link: https://www.econbiz.de/10014056665
, but thereby also benefits less from the head's expertise. Antitrust authorities serve as one illustration of policy …
Persistent link: https://www.econbiz.de/10011288401