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Effect of corporate leniency program on cartel dissolution under market uncertainty
Cai, Xiaowei - In: Advances in management & applied economics 2 (2012) 4, pp. 141-160
by the antitrust agency. We develop a dynamic model in which an incumbent cartel decides whether or not to voluntarily … dissolve the cartel based on the observed profit and the antitrust agency’s cartel deterrence index when there is leniency … can be enough to deter cartel operation. Our paper sheds light on the effective allocation of current antitrust resources …
Persistent link: https://www.econbiz.de/10010097667
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La prestación del servicio postal universal en un contexto de precio uniforme y descremado del mercado : ¿Existe riesgo de graveyard spiral?
Pateiro Rodríguez, Carlos; Prado Domínguez, Javier; … - In: Atlantic review of economics 2 (2011), pp. 1-27
This paper focuses on the problems posed by the uniform price and market cream skimming in a context in which the incumbent is restricted asymmetric prices and products and analyzes the risks of a graveyard spiral process. We point that the price elasticity of demand, the brand loyalty and the...
Persistent link: https://www.econbiz.de/10010049031