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economists’ trust in competition busted: Oligopolies carry the seeds of collusion. To develop, collusion needs trust between …
Persistent link: https://www.econbiz.de/10012142252
This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more...
Persistent link: https://www.econbiz.de/10008840035
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This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
Persistent link: https://www.econbiz.de/10010357983
of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …
Persistent link: https://www.econbiz.de/10011435719
The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …
Persistent link: https://www.econbiz.de/10010472820
affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze …
Persistent link: https://www.econbiz.de/10010476200
The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
Persistent link: https://www.econbiz.de/10009517819