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This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...
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Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion …
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Standard models of collusion require that all firms are forward-looking and strategic. When one firm displays naive …
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-communication’ and a free-communication device. We find that the effect of communication on collusion is larger in duopoly than in … and crowds out the effect of myopic best response. Finally, in all treatments duopoly results in more collusion than …
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and negative fixed fees (that is, slotting fees) facilitates collusion on downstream prices. Banning slotting fees or … information exchange about wholesale prices decreases the scope for collusion. Moreover, high downstream prices are more difficult …
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