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Merchant guilds have been portrayed as social networks that generated beneficial social capital by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling rulers to...
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Merchant guilds have been portrayed as "social networks" that generated beneficial "social capital" by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling...
Persistent link: https://www.econbiz.de/10013319752
Merchant guilds have been portrayed as "social networks" that generated beneficial "social capital" by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling...
Persistent link: https://www.econbiz.de/10001870650
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
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Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …
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We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …
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