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Choosing whether to compete : price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - 2014

We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...

Persistent link: https://www.econbiz.de/10010433911

A note on consumer flexibility, data quality and collusion

Hasnas, Irina - 2014

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

Price matching in online retail

Bottasso, Anna; Robbiano, Simone; Marocco, Paolo - 2023

We analyze a sample of consumer-electronics products sold by the US NewEgg online-retailer to study the impact of Price Matching Guarantees (PMGs) policies on prices. By applying aDifference-in-Differences approach,we find that prices of the policy-adopting retailer increase by 4.7% during the...

Persistent link: https://www.econbiz.de/10014435142

Manufacturer collusion and resale price maintenance

Hunold, Matthias; Muthers, Johannes - 2023

retailers, we show that RPM facilitates manufacturer collusion when retailers have alternatives to selling a manufacturer … manufacturers to establish higher prices. The use of renegotiation-proof RPM stabilizes collusion whereas otherwise RPM can decrease … the range of discount factors which enable stable collusion. …

Persistent link: https://www.econbiz.de/10014394250

Fighting collusion by permitting price discrimination

Helfrich, Magdalena; Herweg, Fabian - 2016

We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …

Persistent link: https://www.econbiz.de/10011434582

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Artificial collusion : examining supracompetitive pricing by Q-learning algorithms

Boer, Arnoud V. den; Meylahn, Janusz M.; Schinkel, … - 2022

We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically learns to collude, resulting in supracompetitive prices and extra profits for the firms sustained by collusive equilibria. A detailed analysis of the inner workings of this...

Persistent link: https://www.econbiz.de/10013375353

Collusive Pricing with Consumer Search

Shadarevian, Vartan - 2022

To make sense of mixed empirical evidence on the pricing rigidity of cartels, this paper studies how colluding firms price their goods in a model where firms have private marginal costs and sell to consumers with search costs. In this model, firms repeatedly interact in selling a homogeneous...

Persistent link: https://www.econbiz.de/10014242682

Horizontal mergers and product quality

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2015

We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i) the magnitude of variable quality costs, and (ii) the relative magnitudes of cross-quality and cross-price effects on demand. The merging firms will increase (reduce) both...

Persistent link: https://www.econbiz.de/10011283834

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