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What if there were three? : audit pricing within the Big 4 and the PricewaterhauseCoopers' premium in the Australian Audit market

Ferguson, Andrew; Scott, Tom - In: International journal of auditing : IJA 18 (2014) 1, pp. 57-67

Persistent link: https://www.econbiz.de/10010338672

Imperfect collusion in an asymmetric duopoly

Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - In: Estudios de economía 45 (2018) 1, pp. 29-50

Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...

Persistent link: https://www.econbiz.de/10011982484

Tacit collusion under fairness and reciprocity

İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65

This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...

Persistent link: https://www.econbiz.de/10009753710

Strategic leniency and cartel enforcement

Miller, Nathan H. - In: The American economic review 99 (2009) 3, pp. 750-768

Persistent link: https://www.econbiz.de/10003863197

Cartel formation in Cournot competition with asymmetric costs : a partition function approach

Abe, Takaaki - In: Games 12 (2021) 1/14, pp. 1-16

In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We … level of the cost advantage is "moderate", then the firm with the cost advantage leads the cartel formation among the firms …. Moreover, if the cost advantage is relatively high, then the formed cartel can also be stable in the sense of the core of a …

Persistent link: https://www.econbiz.de/10012432603

Is voting for a cartel a sign of cooperativeness?

Gillet, Joris - In: Games 12 (2021) 2, pp. 1-10

This paper tests the hypothesis that a (partial) reason why cartels - collective but costly and non-binding price agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form price agreements are more likely to be less...

Persistent link: https://www.econbiz.de/10012547790

Simple voting games and cartel damage proportioning

Napel, Stefan; Welter, Dominik - In: Games 12 (2021) 4, pp. 1-18

Individual contributions by infringing firms to the compensation of cartel victims must reflect their “relative … operationalize this norm is to apply the Shapley value to an equilibrium model of cartel prices. Because calibrating such a model is … describe which cartel configurations can(not) cause significant price increases in an approximate, dichotomous way; then …

Persistent link: https://www.econbiz.de/10012649687

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10014023495

The gains and losses of collusion : an empirical research on the market behaviors of China's power enterprises

Gao, Ruize; Zhang, Zhenji; Li, Ang; Ran, Chang - In: Journal of industrial engineering and management : JIEM 8 (2015) 3, pp. 943-962

a lower network price. It is helpful to the development of the whole industry. However, once Cartel is formed, the price … long-time Cartel will reduce the market entrant in electricity generation. Market resources are centralized in the hands of … Cartel, causing a low effective competition in the market, which has passive effects on users. Implications: The empirical …

Persistent link: https://www.econbiz.de/10011914690

Testing cointegration and market power in the American crude oil industry

Lakuma, Corti Eliab Paul - In: International journal of economics and finance 5 (2013) 12, pp. 163-182

Persistent link: https://www.econbiz.de/10010229667

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