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This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10010365845
We consider an international cartel whose members interact repeatedly in their own as well as in third …-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by … the cartel’s incentive compatibility constraint (ICC), which links strategically markets that are seemingly unrelated …
Persistent link: https://www.econbiz.de/10012287796
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10003951516
. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel …-wide cartel prefers to maintain market shares at pre-collusive levels. The impact on consumer and social welfare critically …
Persistent link: https://www.econbiz.de/10012306748
This chapter sets out the principles and emerging practice governing cartel damages in the EU and UK. It identifies the … have been be used to estimate overcharges, volume effects, and duration of a cartel. A version of the chapter is to appear …
Persistent link: https://www.econbiz.de/10013212073
In a framework of a unionised international Bertrand duopoly with differentiated products, this paper analyses national labour market interdependencies and the consequences of trade liberalisation for union wages. The analysis suggests that national wages are likely to be strategic complements...
Persistent link: https://www.econbiz.de/10011540620
Persistent link: https://www.econbiz.de/10013420283
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10014218980
a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure …
Persistent link: https://www.econbiz.de/10012102737
a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure …
Persistent link: https://www.econbiz.de/10012139178