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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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common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …
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industrial organization focus on theory and empirical findings, this textbook offers practical examples that predict firm …
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This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …
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