Showing 1 - 10 of 260
define their objective functions. Our analysis focuses on the bearings of CSR on collusion over an infinite horizon … surplus has a pro-competitive effect under both full and partial collusion. Conversely, a higher impact of productivity on … pollution has an anti-competitive effect under partial collusion, while exerting no effect under full collusion. Under partial …
Persistent link: https://www.econbiz.de/10011737085
A differential oligopoly game with advertising is investigated, where different dynamics occur between two groups of agents, the former playing a competitive Nash game and the latter cooperating as a cartel. Sufficient conditions for stability and a qualitative analysis of the profit ratio and...
Persistent link: https://www.econbiz.de/10005069746
investigating tacit collusion in the infinite repetition of a linear Cournot game. We illustrate the existence of the stick …
Persistent link: https://www.econbiz.de/10011703311
We revisit the discussion about the relationship between price's cyclical features, implicit collusion and the demand … level in an oligopoly supergame where a positive shock may hit demand and disrupt collusion. The novel feature of our model …
Persistent link: https://www.econbiz.de/10011705503
product differentiation, where the analysis of cartel stability under partial collusion points towards procyclical pricing …
Persistent link: https://www.econbiz.de/10011731493
We investigate the possibility for two vertically related firms to at least partially collude on the wholesale price over an in.nite horizon to mitigate or eliminate the e¤ects of double marginalisation, thereby avoiding contracts which might not be enforceable. We characterise alternative...
Persistent link: https://www.econbiz.de/10011674459
prove that the resulting threshold of the discount factor above which implicit collusion on the Pareto frontier is stable in …
Persistent link: https://www.econbiz.de/10011713766
define their objective functions. Our analysis focuses on the bearings of CSR on collusion over an infinite horizon … surplus has a pro-competitive effect under both full and partial collusion. Conversely, a higher impact of productivity on … pollution has an anti-competitive effect under partial collusion, while exerting no effect under full collusion. Under partial …
Persistent link: https://www.econbiz.de/10011651670
We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources, and firms bear convex production costs. We adopt Dastidar's (1995) approach, yielding a continuum of Bertrand-Nash equilibria ranging above marginal cost pricing also, to show...
Persistent link: https://www.econbiz.de/10011651705
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The type of firms we focus on is workers' cooperatives, but our conclusions apply also to employment-constrained profit maximisers. Within a simple oligopoly model, we prove that...
Persistent link: https://www.econbiz.de/10011651854