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critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …
Persistent link: https://www.econbiz.de/10010406210
collusion based on the ratio of collusive to monopolistic profits. We then prove that as the number of firms goes to infinity …, our collusive strategy profile is an equilibrium as long as the discount factor is below 0.63. Thus, collusion is robust …
Persistent link: https://www.econbiz.de/10012848533
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
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
less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …
Persistent link: https://www.econbiz.de/10012938866
define their objective functions. Our analysis focuses on the bearings of CSR on collusion over an infinite horizon … surplus has a pro-competitive effect under both full and partial collusion. Conversely, a higher impact of productivity on … pollution has an anti-competitive effect under partial collusion, while exerting no effect under full collusion. Under partial …
Persistent link: https://www.econbiz.de/10011737085
, collusion. …
Persistent link: https://www.econbiz.de/10011346282
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …
Persistent link: https://www.econbiz.de/10013473721