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The impact of leniency and whistle-blowing programs on cartels
Aubert, Cécile; Rey, Patrick; Kovacic, William E. - Université Paris-Dauphine (Paris IX) - 2006
Antitrust authorities have set up leniency programs for cartel members that denounce their collusive agreements. These programs help prosecute participants and can thereby deter collusion. We compare the impact of reduced fines and positive rewards and argue that rewarding individuals, including...
Persistent link: https://www.econbiz.de/10010790029
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Resale Price Maintenance and Collusion
Jullien, Bruno; Rey, Patrick - C.E.P.R. Discussion Papers - 2000
The paper revisits the conventional wisdom according to which vertical restrictions on retail prices help upstream firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe local shocks on demand or retail costs. In the absence of...
Persistent link: https://www.econbiz.de/10005792032
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Network Competition : Ii. Price Discrimination
Laffont, Jean-Jacques; Rey, Patrick; Tirole, Jean - 1998
Our companion article developed a clear conceptual framework of negotiated or regulated interconnection agreements between rival operators and studied competition between interconnected networks, under the assumption of non-discriminatory pricing. This article relaxes this assumption and allows...
Persistent link: https://www.econbiz.de/10014074125
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Internet Interconnection and the Off-Net-Cost Pricing Principle
Laffont, Jean-Jacques; Marcus, J. Scott; Rey, Patrick; … - 2014
The paper develops a framework for Internet backbone competition. In the absence of direct payments between websites and consumers, the access charge allocates communication costs between websites and consumers and affects the volume of traffic. The paper analyzes the impact of the access charge...
Persistent link: https://www.econbiz.de/10014105697
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A Dynamic Model of Predation
Rey, Patrick; Spiegel, Yossi; Stahl, Konrad O. - 2022
We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information …, which can be of three types: accommodation, predation with no future entry, and predation with hit-and-run entry. We use the …
Persistent link: https://www.econbiz.de/10013353431
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A dynamic model of predation
Rey, Patrick; Spiegel, Yossi; Stahl, Konrad - 2022
We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information …, which can be of three types: accommodation, predation with no future entry, and predation with hit-and-run entry. We use the …
Persistent link: https://www.econbiz.de/10013284883
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A dynamic model of predation
Rey, Patrick; Spiegel, Yossi; Stahl, Konrad - 2024
We study the feasibility and profitability of predation in a dynamic environment, using a parsimonious infinite … Markov perfect equilibrium, which can be of three types: accommodation, monopolization, and recurrent predation. We then … analyze and compare the welfare effects of different antitrust policies, accounting for the possibility that recurrent predation …
Persistent link: https://www.econbiz.de/10014556715
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The Economics of Margin Squeeze
Jullien, Bruno; Rey, Patrick; Saavedra, Claudia - C.E.P.R. Discussion Papers - 2014
vertically integrated firms. We review both predation and foreclosure theories, as well as the mere exploitation of upstream … under tight wholesale regulation should be evaluated under the predation paradigm, with an adequate test that we …
Persistent link: https://www.econbiz.de/10011083910
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Chapter 33 A Primer on Foreclosure
Rey, Patrick; Tirole, Jean - In: Handbook of industrial organization : volume 3, (pp. 2145-2220). 2007
This chapter analyzes the private rationale and the social costs and benefits of market foreclosure, here defined as a firm's restriction of output in one market through the use of market power in another market. The chapter first focuses on vertical foreclosure (in which full access to a...
Persistent link: https://www.econbiz.de/10014024583
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Vertical Integration as a Source of Hold-up
Allain, Marie-Laure; Rey, Patrick; Chambolle, Claire - Toulouse School of Economics (TSE) - 2014
While vertical integration is traditionally seen as a solution to the hold-up problem, this paper highlights instead that it can generate hold-up problems — for rivals. We first consider a successive duopoly where competition among suppliers eliminates any risk of hold-up; downstreamfirms thus...
Persistent link: https://www.econbiz.de/10011004742