Showing 1 - 10 of 4,087
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …
Persistent link: https://www.econbiz.de/10010937850
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …
Persistent link: https://www.econbiz.de/10011261929
Persistent link: https://www.econbiz.de/10009590323
This paper studies repeated games with private monitoring where players make optimal decisions with respect to costly monitoring activities, just as they do with respect to stage-game actions. We consider the case where each player can observe other players' current-period actions accurately...
Persistent link: https://www.econbiz.de/10005385284
Persistent link: https://www.econbiz.de/10004178209
-trust agencies for cartel disclosure in various markets. …
Persistent link: https://www.econbiz.de/10010752715
This paper demonstrates that the likelihood of tacit collusion in a given oligopolistic industry may depend on the kind of liability rule applied to the industry. We study typical settings for the analysis of product liability and environmental liability. For the latter, it is established that...
Persistent link: https://www.econbiz.de/10011154652
This paper is about conscious parallelism in a duopoly with differentiated products. Conscious parallelism is modelled by a "policy of fixed relative prices" (frp) i. e. starting from a competitive equilibrium both duopolists vary prices by the same percentage. This price increasing continues...
Persistent link: https://www.econbiz.de/10008633369
Persistent link: https://www.econbiz.de/10004082537