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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...
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depends on the cost of producing quality. Moreover, given that there is a cartel, more collusion can be beneficial for society …This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment …. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …
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of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …
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parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash … bargaining approach to compute the collusive equilibrium and assess its stability. We derive collusive and deviation strategies … as continuous functions of quality asymmetry. We obtain novel and surprising results. Stability of collusion is …
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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 …
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