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Competition as a Socially Desirable Dilemma
Engel, Christoph - 2006
A cartel is socially not desirable. But is it a normative problem? And has merger control reason to be concerned about tacit collusion? Neither is evident once one has seen that the members of a cartel face a problem of strategic interaction. It is routinely analysed in terms of game theory....
Persistent link: https://www.econbiz.de/10014058244
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Competition in a Pure World of Internet Telephony
Engel, Christoph - 2007
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it … providers classic telephone numbers would enhance systems competition with switched telephony. But this would make it more …
Persistent link: https://www.econbiz.de/10014053336
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Oligopoly as a socially embedded dilemma: An experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is …
Persistent link: https://www.econbiz.de/10010281843
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Competition as a Socially Desirable Dilemma
Engel, Christoph - Max-Planck-Institut zur Erforschung von … - 2006
A cartel is socially not desirable. But is it a normative problem? And has merger control reason to be concerned about tacit collusion? Neither is evident once one has seen that the members of a cartel face a problem of strategic interaction. It is routinely analysed in terms of game theory....
Persistent link: https://www.econbiz.de/10005272705
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Oligopoly as a Socially Embedded Dilemma. An Experiment
Engel, Christoph; Zhurakhovska, Lilia - Max-Planck-Institut zur Erforschung von … - 2011
From the perspective of competitors, competition may be modeled as a prisoner’s dilemma. Setting the monopoly price is …
Persistent link: https://www.econbiz.de/10009021689
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Oligopoly as a Socially Embedded Dilemma : An Experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner’s dilemma. Setting the monopoly price is …
Persistent link: https://www.econbiz.de/10014186597
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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is …
Persistent link: https://www.econbiz.de/10008822475
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Competition in a pure world of Internet telephony
Engel, Christoph - 2007
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it … providers classic telephone numbers would enhance systems competition with switched telephony. But this would make it more …
Persistent link: https://www.econbiz.de/10010264805
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Incentives for process innovation in a collusive duopoly
Engel, Christoph - 2007
Two suppliers of a homogenous good know that, in the second period, they will be able to collude. Gains from collusion are split according to the Nash bargaining solution. In the first period, either of them is able to invest into process innovation. Innovation changes the status quo pay-off,...
Persistent link: https://www.econbiz.de/10010264811
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Competition as a socially desirable dilemma theory vs. experimental evidence
Engel, Christoph - 2009
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...
Persistent link: https://www.econbiz.de/10010266995