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Fines, Leniency and Rewards in Antitrust: An Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - Institutet för Näringslivsforskning (IFN) - 2008
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10005419507
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Tacit Collusion and Capacity Withholding in Repeated Uniform Price Auctions
Dechenaux, Emmanuel; Kovenock, Dan - Institutet för Näringslivsforskning (IFN) - 2005
This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … number of steps, maximal collusion is attained with simple price-quantity strategies exhibiting capacity withholding. …
Persistent link: https://www.econbiz.de/10005645307
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Do Mergers Result in Collusion?
Ganslandt, Mattias; Norbäck, Pehr-Johan - Institutet för Näringslivsforskning (IFN) - 2004
We examine coordinated effects of mergers in the Swedish retail market for gasoline during the period 1986-2002. Despite significant changes in market concentration and many factors conductive to coordination, the empirical analysis shows that the level of coordination is low. In addition,...
Persistent link: https://www.econbiz.de/10005645392
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Product Differentiation and the Sustainability of Collusion
Häckner, Jonas - Institutet för Näringslivsforskning (IFN) - 1992
No abstract.
Persistent link: https://www.econbiz.de/10010818502
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Private Observation, Tacit Collusion and Collusion with Communication
Mouraviev, Igor - Institutet för Näringslivsforskning (IFN) - 2006
The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot … collusive output levels or a 'downward' demand shock. The firms choose between tacit collusion and collusion with communication … the firms are sued for cartel behavior and pay a fine. Tacit collusion is assumed to provide no grounds for the legal …
Persistent link: https://www.econbiz.de/10005645357
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Asymmetric Collusion and Merger Policy
Ganslandt, Mattias; Persson, Lars; Vasconcelos, Helder - Institutet för Näringslivsforskning (IFN) - 2007
factor potentially leading to collusion. We show that forbidding mergers leading to symmetric market structures can induce … mergers leading to asymmetric market structures with higher risk of collusion, when firms face indivisible costs of collusion …) firm benefits sufficiently more from collusion when industry asymmetries increase, collusion can become more likely when …
Persistent link: https://www.econbiz.de/10005645413
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Trust, Leniency and Deterrence
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloe; … - Institutet för Näringslivsforskning (IFN) - 2011
This paper presents results from a laboratory experiment studying the channels through which different law enforcement strategies deter cartel formation. With leniency policies offering immunity to the first reporting party, a high fine is the main determinant of deterrence, having a strong...
Persistent link: https://www.econbiz.de/10008802525
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Endogenous Mergers in Concentrated Markets
Persson, Lars; Horn, Henrik - Institutet för Näringslivsforskning (IFN) - 1998
This paper proposes an approach for predicting the pattern of mergers when different mergers are feasible. It generalizes the traditional IO approach, employing ideas on coalition-formation from cooperative game theory. The model suggests that in concentrated markets, mergers are conductive to...
Persistent link: https://www.econbiz.de/10005419495
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The Auctioning of a Failing Firm
Persson, Lars - Institutet för Näringslivsforskning (IFN) - 1998
This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an oligopoly model with an "endogenous valuations" auction model. Thereby, I take into account that, in an oligopoly, a firm's willingness to pay for the assets depends on the...
Persistent link: https://www.econbiz.de/10005419522
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Anti- versus Pro-Competitive Mergers
Fridolfsson, Sven-Olof - Institutet för Näringslivsforskning (IFN) - 2007
In a framework where mergers are mutually excluding, I show that firms pursue anti- rather than (alternative) pro-competitive mergers. Potential outsiders to anti-competitive mergers refrain from pursuing pro-competitive mergers if the positive externalities from anti-competitive mergers are...
Persistent link: https://www.econbiz.de/10005419523