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Construction of subgame-perfect mixed-strategy equilibria in repeated games
Berg, Kimmo; Schoenmakers, Gijs - In: Games 8 (2017) 4, pp. 1-14
This paper examines how to construct subgame-perfect mixed-strategy equilibria in discounted repeated games with perfect monitoring. We introduce a relatively simple class of strategy profiles that are easy to compute and may give rise to a large set of equilibrium payoffs. These sets are called...
Persistent link: https://www.econbiz.de/10011852713
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Markt und Macht
Hank, Rainer - In: Credit and Capital Markets – Kredit und Kapital 48 (2015) 3, pp. 371-392
Das Verhältnis zwischen Markt und privater Macht ist spannungsreich. Die Vorstellung einen "herrschaftsfreien" Marktes, auf dem alle Macht ausgeschaltet ist, ist naiv, allein schon deshalb, weil das Eigentum eine große Machtbasis darstellt, an der eine liberale Gesellschaft nicht rütteln...
Persistent link: https://www.econbiz.de/10014523752
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Accidents, Liability Obligations and Monopolized Markets for Spare Parts
Baake, Pio - In: The B.E. Journal of Economic Analysis and Policy 10 (2010) 1, pp. 1-24
parts. Furthermore, monopolization induces the manufacturers to choose inefficiently high qualities. The key for these …
Persistent link: https://www.econbiz.de/10011491720
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EU auf dem richtigen Weg: Designschutz für Auto-Ersatzteile nicht gerechtfertigt
Baake, Pio - In: DIW Wochenbericht 75 (2008) 31, pp. 441-443
Im Dezember vergangenen Jahres hat das Europäische Parlament einer Vorlage der Europäischen Kommission zugestimmt, wonach die Schutzrechte für das Design von Auto-Ersatzteilen eingeschränkt werden sollen. Für Ersatzteile, deren Design maßgeblich für ihre Funktionalität oder ihr äußeres...
Persistent link: https://www.econbiz.de/10011601857
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On the sociology of cartels
Haucap, Justus; Heldman, Christina - In: European Journal of Law and Economics 56 (2023) 2, pp. 289-323
We analyze 15 German cartels, focusing on the personal characteristics of the individual participants, the methods and frequency of communication as well as the internal organizational structures within the cartels and their eventual breakup. Our results indicate that cartel members are highly...
Persistent link: https://www.econbiz.de/10015202756
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List Price Collusion
Boshoff, Willem H.; Paha, Johannes - In: Journal of Industry, Competition and Trade 21 (2021) 3, pp. 393-409
Firms sometimes collude by agreeing on increases in list prices. Yet, the efficacy of such list price collusion is subject to discussion as colluding firms might, in principle, deviate secretly from the elevated prices by granting their customers discounts. This article reviews cases of list...
Persistent link: https://www.econbiz.de/10014501738
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Optimal Incentives for Patent Challenges in the Pharmaceutical Industry
Böhme, Enrico; Frank, Jonas Severin; Kerber, Wolfgang - In: Review of Industrial Organization 59 (2021) 3, pp. 503-528
In this paper, we show that a provision in antitrust law to allow patent settlements with a later market entry of …
Persistent link: https://www.econbiz.de/10014501745
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Optimal destabilization of cartels
von Auer, Ludwig; Pham, Tu Anh - In: Journal of Regulatory Economics 59 (2021) 2, pp. 175-192
operate like one merged company), a group of competing fringe firms, and a welfare maximizing antitrust authority. The cartel …. The cartel is internally stable if none of its member firms finds it profitable to become a fringe firm. The antitrust … authority can destabilize the cartel in the sense of making the cartel internally instable. To this end, the antitrust authority …
Persistent link: https://www.econbiz.de/10014501869
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Evidence Production in Merger Control: The Role of Remedies
Dertwinkel-Kalt, Markus; Wey, Christian - In: Review of Industrial Organization 59 (2021) 1, pp. 1-12
. The antitrust agency's incentives to produce evidence on the efficiency of a merger proposal depend critically on its …
Persistent link: https://www.econbiz.de/10014502111
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Implications of unprofitable horizontal mergers: a positive external effect does not suffice to clear a merger!
Budzinski, Oliver; Kretschmer, Jürgen-Peter - In: Contemporary Economics 10 (2016) 1, pp. 13-26
Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this assumption were held, a positive external effect of...
Persistent link: https://www.econbiz.de/10011659871