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more likely to leave the cartel for small quality differences, high quality firms determine cartel stability when the …
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In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...
Persistent link: https://www.econbiz.de/10011929323
In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...
Persistent link: https://www.econbiz.de/10011802796
We study the implementation problem for exchange economies when agents can renegotiate the outcome assigned by the planner and can collude. We focus on the use of sequential mechanisms and present a simple sufficient condition for implementation with renegotiation in strong perfect equilibrium....
Persistent link: https://www.econbiz.de/10014175862
profits in the form of higher wages and benefits. A threat to this cartel is an employer who wants to bargain with the union …-association employer’s union employees’ interests is not available. In enforcing this scheme a cartel’s primary tactic is the use of “most … scholars, antitrust law is an ineffective tool to remedy union-association cartel behavior. Instead, the Article puts forward …
Persistent link: https://www.econbiz.de/10014200477
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acknowledgment of the facts. Yet there are at least three dimensions open for bargaining in cartel cases. One is the determination of …
Persistent link: https://www.econbiz.de/10014187851
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