Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...

This work simulates the behavior of a price, quota and regional cartel in terms of indicators such as price, capacity and rate of return. As a first step the specific behavior patterns of each cartel are indicated in a graphical analysis before a comparison to a competitive benchmark has been...

In this short paper, cartel behaviour is analysed with respect to the market shares of cartel members. There is some evidence in previous theoretical and empirical research that market shares under collusion are more stable than in phases of competition. It is shown that this can be an artifact...