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Impact of Cartel Enforcement on Compliance in the Chemical Industry

De Stefano, Gianni; Stephan, Andreas - 2021

This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry … following this period of enforcement. Its findings are consistent with cartel enforcement prompting significant investment in … and in enforcement action against only one hard core cartel in the decade that followed …

Persistent link: https://www.econbiz.de/10013212928

Manufacturer carterls and resale price maintenance

Hunold, Matthias; Muthers, Johannes - 2021

In a model with manufacturer and retailer competition, we show that RPM facilitates manufacturer cartels when retailers have an outside option to selling the manufacturer's product. Because retailers have an effective outside option, the manufacturer can only ensure contract acceptance by...

Persistent link: https://www.econbiz.de/10012662688

Bargaining in Collusive Markets

Andersson, Ola - 2006

In this paper we investigate collusion in an infinitely repeated Bertrand duopoly where firms have different discount factors. In order to study how a collusive agreement is reached we model the equilibrium selection as an alternating-offer bargaining game. The selected equilibrium has several...

Persistent link: https://www.econbiz.de/10013208505

Bidding Rings: A Bargaining Approach

Chatterjee, Kalyan; Mitra, Manipushpak; Mukherjee, Conan - 2016

We address the issue of bidder ring formation in single and multi-unit Vickrey auctions. We address this issue in a bargaining game set up under the assumption that valuation of bidders is commonly known only amongst themselves. In the single unit case, we show that the equilibrium coalition...

Persistent link: https://www.econbiz.de/10013208712

Spatial competition and price discrimination with capacity constraints

Hunold, Matthias; Muthers, Johannes - 2019

We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs of supplying a customer. Despite prices above costs and excess capacities, each...

Persistent link: https://www.econbiz.de/10012140935

Licensing with free entry

Doganoglu, Toker; Inceoglu, Firat; Muthers, Johannes - 2018

We introduce a fairly general licensing model with an endogenous industry structure - in terms of number of active firms - and general licensing contracts. We show that when the patentee can employ contracts that can condition on market entry or price, it can implement an outcome that yields...

Persistent link: https://www.econbiz.de/10011916778

Spatial competition with capacity constraints and subcontracting

Hunold, Matthias; Muthers, Johannes - 2018

We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs to supply a customer. Despite prices above costs and excess capacities, each supplier...

Persistent link: https://www.econbiz.de/10011916779

Killer acquisitions and beyond: Policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other acquisitions only has a weakly negative innovation...

Persistent link: https://www.econbiz.de/10012284781

Common ownership does not have anti-competitive effects in the airline industry

Dennis, Patrick; Gerardi, Kristopher; Schenone, Carola - 2019

Institutional investors often own significant equity in firms that compete in the same product market. These "common owners" may have an incentive to coordinate the actions of firms that would otherwise be competing rivals, leading to anti-competitive pricing. This paper uses data on airline...

Persistent link: https://www.econbiz.de/10012389570

Multimarket Contact and Collusion in Online Retail

Poppius, Hampus - 2020

When firms meet in multiple markets, they can leverage punishment ability in one market to sustain collusion in another. This is the first paper to test this theory for multiproduct retailers that sell consumer goods online. With data on the universe of consumer goods sold online in Sweden, I...

Persistent link: https://www.econbiz.de/10013208868

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