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of voluntary collusion (Cowen 1992, Cowen and Sutter 1999). Playing off this asymmetry, Cowen (1992) advances the novel … argument that the “free market in defense services” favored by anarcho-capitalists is a network industry where collusion is … analysis. Furthermore, libertarians’ joint beliefs on public goods and collusion are, contrary to Cowen and Sutter (1999 …
Persistent link: https://www.econbiz.de/10013249917
We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010433911
In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price … improvement in data quality it is more difficult to sustain collusion. …
Persistent link: https://www.econbiz.de/10010343547
although competition between incompatible networks is initially unstable and sensitive to competitive offers and random events …
Persistent link: https://www.econbiz.de/10014024585
incompatible networks is initially unstable and sensitive to competitive offers and random events, it later tips to monopoly, after …
Persistent link: https://www.econbiz.de/10014026899
We study empirically the price effects of upstream cartels that sell through downstream retailers to final consumers. We focus on a German coffee producer cartel that colluded under two different regimes: (i) involving wholesale prices in 2003 and (ii) with additional resale price maintenance...
Persistent link: https://www.econbiz.de/10014080999
agreement and concerted practice applied to horizontal collusive consequences of vertical restraints. I conclude that networks …
Persistent link: https://www.econbiz.de/10014136313
We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a recent phenomenon that we name EU ``leniency inflation", whereby leniency has been increasingly awarded to many, and sometimes all members of a cartel. We argue that, coupled...
Persistent link: https://www.econbiz.de/10013221273
Rules of consumer protection or fair competition can be publicly or privately enforced. We consider the possibility of false advertising by a firm in duopolistic competition where consumers can be distinguished according to whether or not they form rational beliefs about the trustworthiness of...
Persistent link: https://www.econbiz.de/10012012317
Rules of consumer protection or fair competition can be publicly or privately enforced. We consider the possibility of false advertising by a firm in duopolistic competition where consumers can be distinguished according to whether or not they form rational beliefs about the trustworthiness of...
Persistent link: https://www.econbiz.de/10012197740