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Standard models of collusion require that all firms are forward-looking and strategic. When one firm displays naive …
Persistent link: https://www.econbiz.de/10014255442
tacit collusion or strong competition in dependence of additional security considerations … homogeneous and heterogeneous product, Cournot, Tullock competition) the Nash-2 equilibrium sets are obtained and considered as …
Persistent link: https://www.econbiz.de/10013024415
Persistent link: https://www.econbiz.de/10009787928
actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards … concerns among firms can have adverse welfare consequences for consumers. …
Persistent link: https://www.econbiz.de/10009753710
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
entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement … general results not depending on the assumptions about the kind of oligopolistic competition. …
Persistent link: https://www.econbiz.de/10011818422
entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement … general results not depending on the assumptions about the kind of oligopolistic competition. …
Persistent link: https://www.econbiz.de/10011799562
information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10013295651
information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10014487322
This note provides sufficient conditions for immediate agreement in an extensive form model of interdependent bilateral bargaining. The model is suggested by Björnerstedt and Stennek (2006) as a work horse for studying bilateral oligopoly. The key feature of this model is that the firms are...
Persistent link: https://www.econbiz.de/10010320169