Showing 1 - 10 of 1,347
In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price … improvement in data quality it is more difficult to sustain collusion. …
Persistent link: https://www.econbiz.de/10010343547
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10010281843
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a recent phenomenon that we name EU ``leniency inflation", whereby leniency has been increasingly awarded to many, and sometimes all members of a cartel. We argue that, coupled...
Persistent link: https://www.econbiz.de/10013221273
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust … that facilitate tacit collusion by providing quantitative evidence that links these actions to an anticompetitive market … about collusion. …
Persistent link: https://www.econbiz.de/10009777055
We study empirically the price effects of upstream cartels that sell through downstream retailers to final consumers. We focus on a German coffee producer cartel that colluded under two different regimes: (i) involving wholesale prices in 2003 and (ii) with additional resale price maintenance...
Persistent link: https://www.econbiz.de/10014080999
-monotonic in the number of firms; 4) a regulator may demand inefficiently high levels of durability to prevent collusion. …
Persistent link: https://www.econbiz.de/10010343926
Persistent link: https://www.econbiz.de/10014309086
The fight against cartels is a priority for antitrust authorities on both sides of the Atlantic. What differs between the EU and the US is not the basic toolkit for achieving deterrence, but to whom it is targeted. In the EU, pecuniary sanctions against the firm are the only instruments...
Persistent link: https://www.econbiz.de/10011730980
This paper explores the impact of debarment as a deterrent of collusion in first-price procurement auctions. We develop … both reduce collusion and bids. The deterrent effect of debarment increases in its length. However, the debarment of … reduction resulting from debarment may trigger tacit collusion. …
Persistent link: https://www.econbiz.de/10011822812