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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
significantly affect collusion, although humans do seem to perceive algorithms as more disruptive. …
Persistent link: https://www.econbiz.de/10013414764
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
We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always bundles, (ii) never bundles, and (iii) chooses whether...
Persistent link: https://www.econbiz.de/10010204789
Private damage claims against cartels may have negative effects on leniency: whereas whistleblowers obtain full immunity regarding the public cartel fines, they have no or only restricted protection against private third-party damage claims. This may stabilize cartels. We run an experiment to...
Persistent link: https://www.econbiz.de/10012548186
We study a retail benchmarking approach to determine access prices for interconnected networks. Instead of considering fixed access charges as in the existing literature, we study access pricing rules that determine the access price that network i pays to network j as a linear function of the...
Persistent link: https://www.econbiz.de/10012726176
We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the multiproduct firm (i) always bundles, (ii) never bundles, and (iii) chooses whether or not to...
Persistent link: https://www.econbiz.de/10012905779
In this paper, I consider a general and informational efficient approach to determine the optimal access rule and show that there exists a simple rule that achieves the Ramsey outcome as the unique equilibrium when networks compete in linear prices without network-based price discrimination. My...
Persistent link: https://www.econbiz.de/10012732036
We study competition among upstream firms when each of them sells a portfolio of distinct products and the downstream has a limited number of slots (or shelf space). In this situation, we study how bundling affects competition for slots. When the downstream has k number of slots, social...
Persistent link: https://www.econbiz.de/10014048270
We study a retail benchmarking approach to determine access prices for interconnected networks. Instead of considering fixed access charges as in the existing literature, we study access pricing rules that determine the access price that network i pays to network j as a linear function of the...
Persistent link: https://www.econbiz.de/10014048275