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pay reduced fines. This paper connects this potential adverse effect to the number of firms involved in the cartel …
Persistent link: https://www.econbiz.de/10012714612
. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel …-wide cartel prefers to maintain market shares at pre-collusive levels. The impact on consumer and social welfare critically …
Persistent link: https://www.econbiz.de/10012306748
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...
Persistent link: https://www.econbiz.de/10012814516
Anti-consumerism is a doctrine that aims to discourage excessive consumption because of its damaging effect on the environment. It can either focus on creating psychic costs for consumers (a 'stick') or psychic benefits for non-consumers (a 'carrot'). This paper examines the impact of these two...
Persistent link: https://www.econbiz.de/10014533773
This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number in pricing. We consider the price impact of merger, break up, investment, divestment, entry and exit. A merger leads to higher prices only when it increases the size of the...
Persistent link: https://www.econbiz.de/10014420154
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence ofa unique pure-strategy price solution for any given level of capacity. This solution is shown tocoincide with the...
Persistent link: https://www.econbiz.de/10013308146
screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …
Persistent link: https://www.econbiz.de/10012714018
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