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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 …
Persistent link: https://www.econbiz.de/10013078137
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
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salience or availability heuristic in law enforcement. -- Betrayal ; Collusion ; Corruption ; Distrust ; Fraud ; Organized …
Persistent link: https://www.econbiz.de/10008934039
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This paper uses auction theory to explain the unique design of the 1998-2013 posting system agreed to between Major League Baseball and the Japanese Nippon Professional Baseball League that allowed for the transfer of baseball players from Japan to the United States. It has some similarities and...
Persistent link: https://www.econbiz.de/10012296119
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