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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
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
tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared … share or conceal information, so the information sharing itself did not substantially increase tacit collusion …
Persistent link: https://www.econbiz.de/10014213956
tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared … share or conceal information, so the information sharing itself did not substantially increase tacit collusion …
Persistent link: https://www.econbiz.de/10014213961
Persistent link: https://www.econbiz.de/10009504010
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 …
Persistent link: https://www.econbiz.de/10008934039
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
behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …
Persistent link: https://www.econbiz.de/10010518807
Due to being much better documented, legal cartels have recently attracted the interest of many researchers who aim to understand the functioning of illegal cartels in detail. This paper contributes to the question of what we can learn from legal cartels by taking a closer look at the cement...
Persistent link: https://www.econbiz.de/10011334610