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Penalizing cartels : the case for basing penalties on price overcharge

Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2014

In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …

Persistent link: https://www.econbiz.de/10010408455

Penalizing cartels : the case for basing penalties on price overcharge

Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - In: International journal of industrial organization 42 (2015), pp. 70-80

Persistent link: https://www.econbiz.de/10011488577

Cooperation and Efficiency in Markets

Horniaček, Milan - 2011

Persistent link: https://www.econbiz.de/10013518435

Cooperation and Efficiency in Markets

Horniaček, Milan - 2011

The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept...