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This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …
Persistent link: https://www.econbiz.de/10010320186
price auction. There are at least three potential bidders in the market which differ in their willingness to pay for the … auction and obtains the license. In stage 2, it purchases inputs required for producing the particular service which is then …
Persistent link: https://www.econbiz.de/10012894468
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reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …
Persistent link: https://www.econbiz.de/10011608616
or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …
Persistent link: https://www.econbiz.de/10014151044
This paper analyzes the formation of market sharing agreements among firms in oligopolistic markets and procurement auctions. The set of market sharing agreements defines a collusive network, and the paper provides a complete characterization of stable and efficient collusive networks when firms...
Persistent link: https://www.econbiz.de/10014123836
We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits through vertical integration as it has sufficient market power anyways. In our model the dominant supplier has full bargaining power and uses observable two-part tariffs. We...
Persistent link: https://www.econbiz.de/10012704705
relatively more stringent quotas. Furthermore, we find that cartel collusion is likely to be sustained for elastic than inelastic …
Persistent link: https://www.econbiz.de/10012996615
with both the body of economic research on bidder collusion and with the antitrust jurisprudence on information exchange … and facilitation of collusion. Put differently, because of their concern over the possibility of patent holdup, the U … enforcement actions against practices that facilitate oligopsonistic collusion by encouraging the ex ante exchange of information …
Persistent link: https://www.econbiz.de/10014047937