behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

behavior, but can even increase them. -- Auctions ; Collusion ; Market Power ; Energy Markets ; Reserve Power ; Balancing Power … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …

less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …