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We present results from a laboratory experiment identifying the main channels through which different law enforcement strategies deter organized economic crime. The absolute level of a fine has a strong deterrence effect, even when the exogenous probability of apprehension is zero. This effect...
Persistent link: https://www.econbiz.de/10010320242
I study an indefinitely repeated game where firms differ in size. Attempts to form cartels in such an environment, for example by rationing outputs in a manner linked to firm size differences, have generally struggled. Any successful cartel has to set production shares in a manner that ensures...
Persistent link: https://www.econbiz.de/10011847549
ability of firms to engage in collusion. We show that in a situation in which firms cartelize and charge monopoly prices …, limited attention makes deviation from such collusive behavior less rewarding and hence facilitates collusion. In particular …
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We study collusion within groups in noncooperative games. The primitives are the preferences of the players, their … assignment to nonoverlapping groups, and the goals of the groups. Our notion of collusion is that a group coordinates the play of … requirement need not exist. We instead introduce the weaker notion of collusion constrained equilibrium. This allows groups to put …
Persistent link: https://www.econbiz.de/10011855893
salience or availability heuristic in law enforcement. -- Betrayal ; Collusion ; Corruption ; Distrust ; Fraud ; Organized …
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policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
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