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The Intersection of Antitrust and Market Manipulation Law
Ledgerwood, Shaun D. - 2017
The antitrust laws are increasingly used to prosecute alleged acts of market manipulation, particularly against firms in the banking and energy industries. Both industries are now regulated subject to fraud-based market manipulation rules, but antitrust remains a vehicle on which private claims...
Persistent link: https://www.econbiz.de/10012964287
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Umbrella Effects
Inderst, Roman - 2015
cartel diverts demand to substitute products. Umbrella effects arise irrespective of whether non cartelists act as price … non-cartelists are outside the relevant market (in the sense of a SSNIP test), provided that the cartel's price increase … purchasers themselves benefit from higher demand as rivals purchase from the cartel and pass-on the respective price increase. To …
Persistent link: https://www.econbiz.de/10013035316
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Firm-specific information and explicit collusion in experimental oligopolies
Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015
We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives …
Persistent link: https://www.econbiz.de/10010532614
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Firm-Specific Information and Explicit Collusion in Experimental Oligopolies
Gomez-Martinez, Francisco - 2015
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives …
Persistent link: https://www.econbiz.de/10013022876
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Imperfect Collusion in an Asymmetric Duopoly
Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - 2021
Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...
Persistent link: https://www.econbiz.de/10013243009
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Imperfect collusion in an asymmetric duopoly
Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - In: Estudios de economía 45 (2018) 1, pp. 29-50
Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...
Persistent link: https://www.econbiz.de/10011982484
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Private information, price discrimination, and collusion
Peiseler, Florian; Rasch, Alexander; Shekhar, Shiva - 2018
We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price-discriminate based on private information regarding consumers' preferences. In particular, firms receive private signals which can be noisy (e.g., big data predictions). We find that...
Persistent link: https://www.econbiz.de/10011892956
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Optimal Collusion with Private Information
Bagwell, Kyle; Athey, Susan - 2013
We analyze collusion in an infinitely repeated Bertrand game, where prices are publicly observed and each firm receives a privately observed, i.i.d. cost shock in each period. Productive efficiency is possible only if high-cost firms relinquish market share. In the most profitable collusive...
Persistent link: https://www.econbiz.de/10014034931
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Optimal Collusion with Private Information
Athey, Susan; Bagwell, Kyle - 2013
We consider an infinitely-repeated Bertrand game, in which prices are perfectly observed and each firm receives a privately-observed, i.i.d. cost shock in each period. Productive efficiency is possible only if high-cost firms are willing to relinquish market share. In the most profitable...
Persistent link: https://www.econbiz.de/10014042211
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Partial collusion with asymmetric cross-price effects
Savorelli, Luca - 2010
Asymmetries in cross-price elasticities have been demonstrated by several empirical studies. In this paper we study from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion. We characterize the equilibrium of a linear Cournot...
Persistent link: https://www.econbiz.de/10011737876