Showing 1 - 10 of 471
-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise … reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …
Persistent link: https://www.econbiz.de/10011608616
We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential bidding, complicated by the fact that the spy may be a counterspy who serves the interests of the spied at bidder and reports strategically distorted information. This ambiguity...
Persistent link: https://www.econbiz.de/10012507333
-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise … or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …
Persistent link: https://www.econbiz.de/10014151044
the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that …
Persistent link: https://www.econbiz.de/10014062753
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 …
Persistent link: https://www.econbiz.de/10011434582
We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...
Persistent link: https://www.econbiz.de/10011962353
Persistent link: https://www.econbiz.de/10014369284
switch from exporting to undertaking FDI when trade costs are relatively high. Also, collusion over FDI may increase welfare. …
Persistent link: https://www.econbiz.de/10010288785
This paper analyzes the role of patience in a repeated Bertrand duopoly where firms bargain over which collusive price and market share to implement. It is shown that the least patient firm's market share is not monotone in its own discount factor
Persistent link: https://www.econbiz.de/10014178725
merger is accepted with an attendant risk of collusion with the benchmark case in which competition is present ex-post. The … collude if a merger is rejected. In fact, firms can have incitations to make collusion ex-post (after a rejection of a merger …) whereas they would not make collusion ex-ante. All the papers on mergers and collusion tend to look at a minimal discount …
Persistent link: https://www.econbiz.de/10014050382