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Burguet, Roberto; Iossa, Elisabetta; Spagnolo, Giancarlo - 2021

We study the relationship between collusion and corruption in a stylized model of repeated procurement where the cost … suppliers alleviates free-riding in reporting. However, it also facilitates collusion in bidding by increasing the value of the … collusive rent. In turn, bidding collusion facilitates cooperation in reporting by increasing the value of having honest …

Persistent link: https://www.econbiz.de/10012697250

Ex-post optimal knapsack procurement

Jarman, Felix; Meisner, Vincent - 2015

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...

Persistent link: https://www.econbiz.de/10011491761

The winner's curse : conditional reasoning & belief formation

Koch, Christian; Penczynski, Stefan P. - 2015

We investigate the relevance of conditional reasoning and belief formation for the occurrence of the winner's curse with the help of two experimental manipulations. First, we compare results from a very simple common-value auction game with results from a transformed version of this game that...

Persistent link: https://www.econbiz.de/10011491773

Competition under consumer loss aversion

Karle, Heiko; Peitz, Martin - 2012

We address the effect of contextual consumer loss aversion on firm strategy in imperfect competition. Consumers are fully informed about match value and price at the moment of purchase. However, some consumers are initially uninformed about their tastes and form a reference point consisting of...

Persistent link: https://www.econbiz.de/10011489928

Internal versus external growth in industries with scale economies : a computational model of optimal merger policy

Mermelstein, Ben; Nocke, Volker; Satterthwaite, Mark Allen - 2014

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in build- ing capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers...

Persistent link: https://www.econbiz.de/10011490479

Horizontal mergers in the presence of vertical relationships

Ghosh, Arghya; Morita, Hodaka; Wang, Chengsi - 2014

We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can increase welfare if they reduce input prices. The lower input price shifts some input production from cost- inefficient upstream firms to cost-efficient ones. Also, the lower...

Persistent link: https://www.econbiz.de/10011491438

The effect of horizontal mergers, when firms compete in prices and investments

Motta, Massimo; Tarantino, Emanuele - 2017

It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...

Persistent link: https://www.econbiz.de/10011798644

Cartel stability and product differentiation

Ross, Thomas W. - 1990

Persistent link: https://www.econbiz.de/10000798722

Predatory pricing : a search for a regulatory standard

Nagarajan, Vijaya - 1987

Persistent link: https://www.econbiz.de/10000761224

An experimental investigation of collusion in hard-close auctions : partners and friends

Füllbrunn, Sascha; Neugebauer, Tibor - 2007

Persistent link: https://www.econbiz.de/10003578138