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We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10009751726
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10009736354
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10013080623
Do we have effective competition between the gasoline's big five oligopolists (Aral, Shell, Esso, Total and Jet) and fringe gasoline stations? Using 2014 Market Transparency price data from 66 cities with populations between 60,000 and 100,000, we analyze which brands lead price increases, the...
Persistent link: https://www.econbiz.de/10011487769
German cartel office power to divest dominant firms or oligopolies if this is necessary to restore competition. The paper … main effect would be through bargaining between the divested company and the cartel office. This poses problems under rule …
Persistent link: https://www.econbiz.de/10014221659
analysis and investigates whether they operate efficiently. The CFD cartel-audit should enable the detection of cartels via … patterns. The CFD cartel-audit attempts to draw conclusions from these patterns in order to find hidden cartels and to engage … antitrust agencies inot additional more detailed audits. -- cartel ; collusion ; price fixing ; collusive marker ; cartel audit …
Persistent link: https://www.econbiz.de/10009349855
Persistent link: https://www.econbiz.de/10003347576
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...
Persistent link: https://www.econbiz.de/10012286512
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...
Persistent link: https://www.econbiz.de/10012263827
To increase competition in the retail market for gasoline, Germany's Federal Cartel Office established the so …
Persistent link: https://www.econbiz.de/10012155116