Narrow search
Showing 1 - 10 of 200
Cover Image
Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011969225
Cover Image
Information exchange through non-binding advance price announcements: An antitrust analysis
Boshoff, Willem; Frübing, Stefan; Hüschelrath, Kai - 2015
We study the welfare effects of non-binding advance price announcements. Applying a differentiated Bertrand model with horizontal products and asymmetric information, we find that such announcements can help firms to gain information on each other thereby allowing them to achieve higher profits....
Persistent link: https://www.econbiz.de/10011314570
Cover Image
Legal and illegal cartels in the European cement industry
Fink, Nikolaus; Frübing, Stefan - 2015
Due to being much better documented, legal cartels have recently attracted the interest of many researchers who aim to understand the functioning of illegal cartels in detail. This paper contributes to the question of what we can learn from legal cartels by taking a closer look at the cement...
Persistent link: https://www.econbiz.de/10011335346
Cover Image
Registered cartels in Austria: An overview
Fink, Nikolaus; Schmidt-Dengler, Philipp; Stahl, Konrad; … - 2015
contracts, we comprehensively document different collusion methods along the lines described by Stigler (1964). Quota cartels … legally binding agreements was employed to address the usual obstacles to sustaining collusion. …
Persistent link: https://www.econbiz.de/10011393273
Cover Image
Cartel cases and the cartel enforcement process in the European Union 2001-2015: A quantitative assessment
Hellwig, Michael; Hüschelrath, Kai - 2016
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the European Union (EU) from 2001 to 2015. In a first step, we present a detailed characterization of all cartel cases decided by the European Commission (EC) with respect to various...
Persistent link: https://www.econbiz.de/10011541335
Cover Image
Rent sharing to control non-cartel supply in the German cement market
Harrington, Joseph E.; Hüschelrath, Kai; Laitenberger, … - 2016
A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was imports from Eastern European cement manufacturers....
Persistent link: https://www.econbiz.de/10011444250
Cover Image
The discontent cartel member and cartel collapse: The case of the German cement cartel
Harrington, Joseph E.; Hüschelrath, Kai; Laitenberger, … - 2014
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growthconscious members to be...
Persistent link: https://www.econbiz.de/10010421207
Cover Image
Registered cartels in Austria: Coding protocol
Fink, Nikolaus; Schmidt-Dengler, Philipp; Stahl, Konrad O. - 2014
In the period following WW II. until the country accessed the European Union, cartels were legalized in Austria, upon registration with the Austrian Cartel Court. We obtained access to the registration data, and scanned them all towards a microeconomic analysis of contracting behavior between...
Persistent link: https://www.econbiz.de/10010460702
Cover Image
Minority share acquisitions and collusion: Evidence from the introduction of national leniency programs
Heim, Sven; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
There is a growing concern that minority shareholding (MS) in rival firms may facilitate collusion. To examine this …
Persistent link: https://www.econbiz.de/10011730874
Cover Image
Registered cartels in Austria: Coding protocol
Fink, Nikolaus; Schmidt-Dengler, Philipp; Stahl, Konrad O. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
In the period following WW II. until the country accessed the European Union, cartels were legalized in Austria, upon registration with the Austrian Cartel Court. We obtained access to the registration data, and scanned them all towards a microeconomic analysis of contracting behavior between...
Persistent link: https://www.econbiz.de/10011122564