Showing 1 - 10 of 109
Persistent link: https://www.econbiz.de/10003591149
Persistent link: https://www.econbiz.de/10003591160
Persistent link: https://www.econbiz.de/10003591170
Persistent link: https://www.econbiz.de/10003591175
Persistent link: https://www.econbiz.de/10003591232
Persistent link: https://www.econbiz.de/10003591238
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...
Persistent link: https://www.econbiz.de/10003877116
Persistent link: https://www.econbiz.de/10009156017
Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure has changed such that "tacit collusion" or "coordinated...
Persistent link: https://www.econbiz.de/10010483415
A random shock excludes reverse causality and reduces omitted variable bias. Yet a natural experiment does not identify random exposure to treatment, but the reaction to a random change from baseline to treatment. A lab experiment comparing higher certainty with higher severity of punishment for...
Persistent link: https://www.econbiz.de/10011478687