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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
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
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 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 asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...
Persistent link: https://www.econbiz.de/10011929323
In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...
Persistent link: https://www.econbiz.de/10011802796
about price increases trigger such increases by facilitating tacit collusion. Such statements on market conduct are … disclosed after an exogenous and unexpected upward cost shock. The two potential channels affecting tacit collusion work through …
Persistent link: https://www.econbiz.de/10015045376
Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion …
Persistent link: https://www.econbiz.de/10011844753
interest is the focal-point hypothesis which says that a price ceiling may facilitate tacit collusion and lead to higher prices … because it resolves a coordination problem inherent to collusion. Our results reject the focal-point hypothesis. Markets with …
Persistent link: https://www.econbiz.de/10012729230