punishment. Collusion is thus more difficult, the closer firms cooperate in manufacturing. Moreover, given competition or … collusion in the market, joint production yields the highest profit and welfare. …

. Full collusion is easier to sustain than partial collusion from the brands.perspective when horizontal differentiation is … large and vertical differentiation is small. The private label firm is better off under full collusion than under partial … collusion if goods are sufficiently homogenous (horizontal and/or vertical). Partial collusion could be preferred by the private …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …

' collusion are analyzed. The consequences on national welfare levels of both unions and firms' strategic behavior are also …

potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial … extension of the cooperative agreement towards collusion in the product market is not necessarily welfare reducing: if firms …

-competition and collusion. Estimation results suggest that: 1) not only stock companies, but also mutual companies maximize their own …

We examine whether cooperation in R&D leads to product market collusion. Suppose that firms engage in a stochastic R … symmetries, thereby facilitating collusion. Sharing an efficient technology also increases industry profit, which contributes to … the collusion stability but also raises social welfare. Interestingly, a welfare improvement is less likely if innovation …