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Industry-wide voluntary agreements are touted as a means for corporations to take more corporate social responsibility (CSR). We study what type of joint CSR agreement induces firms to increase CSR efforts in a model of oligopolistic competition with differentiated products. Consumers have a...
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We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when...
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that matches cartel investigations with trade data at the product level. We then estimate the world import price and … quantity effects of antidumping in cartel products. We find that the use of antidumping in cartel industries helps to maintain … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …
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Globalization has been the most salient feature of competition law enforcement for the past two decades. Today there are more than one-hundred countries with competition law regimes almost all of which proscribe cartels. Unquestionably some of these enforcement agencies do little more than...
Persistent link: https://www.econbiz.de/10014173636
cartel activity in Asia and uses a sample of modern private cartels to evaluate the relative effectiveness of three prominent … Asia and the rest of the world during 1990-2007. The need for assertive anti-cartel enforcement in Asia is demonstrated by …, it is doubtful that such monetary sanctions can deter modern international cartels. Optimal cartel deterrence is …
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absolute Commission fine. Independent variables fall into four groups: the extent of the cartel’s antitrust injuries; factors … cartel; and controls for time, for changes in EC guidelines, for nationality of the defendant, and for industry …-specific characteristics. The predictive power of the final model is quite satisfactory. We find that EC corporate cartel fines generally …
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