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for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission … of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The … light on enforcement efforts against cartels and other forms of conspiracy. …
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of sustainability of collusion. For the European Commission this assumption is seen as a factor that disincentives … collusion and pushes to a competitive behavior. This fact maybe is not so obvious and I have shown that what is important is the … implement collusion before and after entry as a subgames perfect equilibrium. The final conclusion is that demand growth …
Persistent link: https://www.econbiz.de/10011597631
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This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10011593869
We provide evidence suggesting that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, our paper presents three major findings. First, the amount of cash holdings owned by incumbent-affiliated groups...
Persistent link: https://www.econbiz.de/10008824490
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous … the market may have contradictory effects on the incentive of firms to collude: it can make collusion easier for bottom …
Persistent link: https://www.econbiz.de/10011660599
agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …
Persistent link: https://www.econbiz.de/10011600408
This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel … market shares and welfare. Partial cartels operating in a sufficiently large segment lose market share and the industry …
Persistent link: https://www.econbiz.de/10012306748