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Algorithmic price recommendations and collusion : experimental evidence

Hunold, Matthias; Werner, Tobias - 2023

This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...

Persistent link: https://www.econbiz.de/10014442786

Passive backward acquisitions and downstream collusion

Shekhar, Shiva; Thomes, Tim Paul - 2020

collusive price that is set by the cartel to increase the acquirer's profit from its claim on the upstream margin. …

Persistent link: https://www.econbiz.de/10012297609

Strategic choice of price-setting algorithms

Buchali, Katrin; Grüb, Jens; Muijs, Matthias; … - 2023

Recent experimental simulations have shown that autonomous pricing algorithms are able to learn collusive behavior and thus charge supra-competitive prices without being explicitly programmed to do so. These simulations assume, however, that both firms employ the identical price-setting...

Persistent link: https://www.econbiz.de/10013534374

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

Capacity precommitment, communication, and collusive pricing : theoretical benchmark and experimental evidence

Güth, Werner; Stadler, Manfred; Zaby, Alexandra - In: International journal of game theory : official journal … 49 (2020) 2, pp. 495-524

Persistent link: https://www.econbiz.de/10012591604

Abbink, Klaus (contributor); Brandts, Jordi (contributor) - 2003 - [Elektronische Ressource], rev

experiments ; industrial organisation ; oligopoly ; price competition ; co-ordination games, learning …

Persistent link: https://www.econbiz.de/10001835606

Is voting for a cartel a sign of cooperativeness?

Gillet, Joris - In: Games 12 (2021) 2, pp. 1-10

agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are …

Persistent link: https://www.econbiz.de/10012547790

Market concentration and incentives to collude in Cournot oligopoly experiments

Hanaki, Nobuyuki; Masiliūnas, Aidas - 2021

Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004 …

Persistent link: https://www.econbiz.de/10012501283

Imperfect Cartelization in OPEC

Okullo, Samuel Jovan - 2016

restrictive than that of a Cournot-Nash oligopoly, is found to still be more accommodative than that of a perfect cartel. The … participation in the cartel. This is contrary to predictions of the standard cartel model that such producers should be allocated … 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

Collusion under Payoff Fluctuations

Yasuda, Yosuke - 2012

Theoretical literature on collusion has focused on a specific formulation of payoff fluctuations, namely by demand shocks, and showed that payoff fluctuations are bad for collusion. Introducing general payoff fluctuations, we show that (i) payoff fluctuations may strictly reduce the minimum...

Persistent link: https://www.econbiz.de/10013116979