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Chapter 49 Game theory and industrial organization
Bagwell, Kyle; Wolinsky, Asher - In: Handbook of game theory with economic applications : …, (pp. 1851-1895). 2002
In this article, we consider how important developments in game theory have contributed to the theory of industrial … organization. Our goal is not to survey the theory of industrial organization; rather, we consider the contribution of game theory … points in which developments in the theory of industrial organization have contributed to game theory. The topics that we …
Persistent link: https://www.econbiz.de/10014024496
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Capacity precommitment, communication, and collusive pricing : theoretical benchmark and experimental evidence
Güth, Werner; Stadler, Manfred; Zaby, Alexandra - 2018
In a capacity-then-price-setting game we experimentally identify capacity precommitment, the possibility to communicate before price choices, and prior competition experience as crucial factors for collusive pricing. The theoretical analysis determines the capacity thresholds above which firms...
Persistent link: https://www.econbiz.de/10011944106
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Cartel size and collusive stability with non-capitalistic players
Delbono, Flavio; Lambertini, Luca - 2014
A well established belief both in the game-theoretic IO and in policy debates is that market concentration facilitates collusion. We show that this piece of conventional wisdom relies upon the assumption of profit-seeking behaviour, for it may be reversed when firms pursue other plausible goals....
Persistent link: https://www.econbiz.de/10011730010
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Cartel Size and Collusive Stability with Non-Capitalistic Players
Delbono, Flavio; Lambertini, Luca - 2014
A well established belief both in the game-theoretic IO and in policy debates is that market concentration facilitates collusion. We show that this piece of conventional wisdom relies upon the assumption of profit-seeking behaviour, for it may be reversed when firms pursue other plausible goals....
Persistent link: https://www.econbiz.de/10014145280
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Collusive agreements in vertically differentiated markets
Marini, Marco A. - 2017
proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms’ products along the quality …
Persistent link: https://www.econbiz.de/10011660599
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Strategic Delegation and Collusion : An Experiment
Kim, Jeong Yeol - 2022
maximization. Considering the US antitrust regime, the experiment sets up cartel fines for firms' managers as well as owners. I … guarantee fewer cartels in a market. (ii) Cartel formation occurs in two distinct ways. In one case, firms simultaneously choose … low output, and in the other case, firms periodically switch off high and low output in order to evade cartel fines. (iii …
Persistent link: https://www.econbiz.de/10013289637
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Oligopolistic equilibrium and financial constraints
Beviá, Carmen; Corchón, Luis C.; Yasuda, Yosuke - 2015
We provide a model of dynamic duopoly in which firms face financial constraints and disappear when they are unable to fulfill them. We show that, in some cases, Cournot outputs are no longer supported in equilibrium, because if these outputs were set, a firm may have incentives to ruin the...
Persistent link: https://www.econbiz.de/10011347312
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Information sharing and bargaining in buyer-seller networks
Priazhkina, Sofia; Page, Frank H. - 2016
This paper presents a model of strategic buyer-seller networks with information exchange between sellers. Prior to engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information exchange affects overall market prices, volumes and...
Persistent link: https://www.econbiz.de/10011576406
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Coordination in the fight against collusion
Iossa, Elisabetta; Loertscher, Simon; Marx, Leslie M.; … - 2023
Persistent link: https://www.econbiz.de/10014286667
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On the Tacit Collusion Equilibria of a Dynamic Duopoly Investment Game
Ruble, Richard R.; Versaevel, Bruno P. A. - 2017
This note extends the characterization of simultaneous investment (tacit collusion) equilibria in Boyer, Lasserre and Moreaux (2012). Tacit collusion equilibria may or may not exist, and when they do may involve either finite time investments (type 1) or infinite delay (type 2). The relationship...
Persistent link: https://www.econbiz.de/10014211034