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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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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 …
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The Sherman Act prohibits firms from discussing prices in meetings. Traditional thought suggests that this prohibition makes it harder for firms to collude, and economists have concluded that the Sherman Act operates in the public interest. I provide an alternative explanation for the act that...
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This Article centers on understanding the current state of end of life decision-making in America and how Alternative Dispute Resolution (ADR) techniques can help to improve it. In this Article, which was awarded a 2003 Center for Public Resources (CPR) Award of Excellence, I aim to make three...
Persistent link: https://www.econbiz.de/10014074178