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This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though … it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust … when amnesty is awarded, though it can be optimal to award amnesty even when the antitrust authority is very likely to win …
Persistent link: https://www.econbiz.de/10010293443
Price-fixing is characterized when firms are concerned about creating suspicions that a cartel has formed. Antitrust … stability of the cartel. While antitrust laws can lower collusive prices, they can also raise them by making it easier for firms …
Persistent link: https://www.econbiz.de/10010293446
Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and then gradually lowers it An alternative...
Persistent link: https://www.econbiz.de/10010293483
Persistent link: https://www.econbiz.de/10005706816
There are many data sets based on the population of discovered cartels and it is from this data that average cartel duration and the annual probability of cartel death are estimated. It is recognized, however, that these estimates could be biased because the population of discovered cartels may...
Persistent link: https://www.econbiz.de/10011071749
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …
Persistent link: https://www.econbiz.de/10012007591
In the context of an infinitely repeated capacity-constrained price game, we endogenize the composition of a cartel when .rms are heterogeneous in their capacities. When .rms are sufficiently patient, there exists a stable cartel involving the largest .rms. A .rm with sufficiently small capacity...
Persistent link: https://www.econbiz.de/10010277525
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …
Persistent link: https://www.econbiz.de/10012007152
it was originally thought of. Instead, we find patterns of collusion among the major manufacturing groups in Italy …
Persistent link: https://www.econbiz.de/10011039039
it was originally thought of. Instead, we find patterns of collusion among the major manufacturing groups in Italy …
Persistent link: https://www.econbiz.de/10011199663