Showing 1 - 10 of 28
We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups … constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …
Persistent link: https://www.econbiz.de/10010428107
degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions …)certainty about the actual presence of an algorithm does not significantly affect collusion. …
Persistent link: https://www.econbiz.de/10012509134
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10013164725
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10013418834
This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat communication into topics, we find that firms are less...
Persistent link: https://www.econbiz.de/10013332300
We explore whether buyer groups, in which firms legally purchase inputs jointly, facilitate collusion in the product … credible threats, hence, in theory buyer groups facilitate collusion. We run several experimental treatments in a three … as a main factor causing collusive product markets. -- buyer groups ; cartels ; collusion ; communication ; experiments …
Persistent link: https://www.econbiz.de/10009661278
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they gain less from a hysteresis effect after cartel...
Persistent link: https://www.econbiz.de/10010401724
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10013293190
degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions …)certainty about the actual presence of an algorithm does not significantly affect collusion …
Persistent link: https://www.econbiz.de/10013228135
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10014243096