A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive … experimentally the formation and behavior of partial cartels. The theoretical model is a variation of Bos and Harrington's (2010 … experimental study has two main objectives. The first goal is examine whether partial cartels emerge in the lab at all, and if so …

to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe … information is present, suggesting that firms have greater incentives to form cartels in that situation. …

Consumer switching costs cause the market demand of consumers who already bought a supplier's product to be less … elastic while they simultaneously increase competition for new consumers. I study the effect of this twofold pricing incentive … and absent switching costs. For Bertrand duopolies consumer switching costs reduce the price level vis-à-vis new consumers …

and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the …

and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the …

and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the …