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The Merger Paradox, Collusion and Competition Policy
Garcia, Filomena; Paz y Miño, Jose Manuel; Torrens, Gustavo - 2020
This paper develops a model that formalizes several connections between mergers, collusion and competition policy. In equilibrium, firms may merge to make collusion sustainable when it cannot be sustained with the original set of firms. A rise in the probability of detecting and prosecuting...
Persistent link: https://www.econbiz.de/10014110460
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The Collusive Efficacy of Competition Clauses in Bertrand Markets with Capacity-Constrained Retailers
Trost, Michael Markus - 2021
We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated interaction among the retailers and heterogeneity in their...
Persistent link: https://www.econbiz.de/10013223424
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Distinguishable Patterns of Competition, Collusion, and Parallel Action
Smith, James L. - 2003
Alternative market structures are distinguishable by the degree of parallel action exhibited by producers. We show that the correlation between output levels varies systematically with the degree of interdependence among firms, and establish an ordering among alternative behavioral hypotheses...
Persistent link: https://www.econbiz.de/10012739733
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011724001
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2018
Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …
Persistent link: https://www.econbiz.de/10011906924
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017 - This version: December 31, 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011778632
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One-Way Essential Complements
Chen, M. Keith - 2006
While competition between firms producing substitutes is well understood, less is known about rivalry between complementors. We study the interaction between firms in markets with one-way essential complements. One good is essential to the use of the other but not vice versa, as arises with an...
Persistent link: https://www.econbiz.de/10012732764
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Competition and Collusion with Fixed Output
Zenger, Hans - 2013
In many industries, output is fixed by exogenous constraints, so firms compete by allocating a given stock of supplies between different markets. This paper shows that collusion in such industries leads firms to shift output from high-margin markets to low-margin markets. As a result, welfare is...
Persistent link: https://www.econbiz.de/10013083114
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Collusion with Network Externalities in Price vs. Quantity Competition
Choi, Kangsik; Lee, DongJoon - 2020
In the presence of network externalities, we compare the stability of collusion under Bertrand and Cournot duopoly with differentiated products. Contrast to previous studies, we show that (i) firms have stronger incentive to collude under Bertrand competition than under Cournot competition in...
Persistent link: https://www.econbiz.de/10014092591
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Raising Rivals' Costs Through Cartel Detection - Why Downstream Buyers Rather Face an Upstream Cartel than Downstream Competition
Clemens, Georg - 2018
This paper analyses how the endogenous detection of an upstream cartel by a down-stream buyer allows the detecting firm … to raise rivals' cost. We model a market with a vertical structure, where a stable all-inclusive cartel is operating in … cartel, while the existence of the cartel remains unknown to its competitor. The model shows that the detecting firm can …
Persistent link: https://www.econbiz.de/10012934303