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antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected … by the existence of collusion in other markets when they are linked by demand relationships. The interdependence of … collusion sustainability across markets leads to potential externalities in antitrust enforcement across jurisdictions. As a …
Persistent link: https://www.econbiz.de/10010274002
of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …
Persistent link: https://www.econbiz.de/10011779195
of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …
Persistent link: https://www.econbiz.de/10011435719
We augment the multi-market collusion model of Bernheim and Whinston (1990) by allowing for firm entry into, and exit … agreement: Collusion at the extensive margin whereby firms collude by avoiding entry into each other's markets or territories …. We characterise parameter values that sustain this type of collusion and identify the assumptions where this collusion is …
Persistent link: https://www.econbiz.de/10011117289
We show that multimarket contact facilitates tacit collusion in the US airline industry using two complementary …
Persistent link: https://www.econbiz.de/10011084300
are sufficiently high, trade liberalization facilitates collusion. Exactly the opposite is true if, for any given degree … of product substitutability, trade costs are sufficiently low. We also study the dependence of multimarket collusion on …
Persistent link: https://www.econbiz.de/10013113914
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growthconscious members to be...
Persistent link: https://www.econbiz.de/10010421207
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growthconscious members to be...
Persistent link: https://www.econbiz.de/10010424815
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growthconscious members to be...
Persistent link: https://www.econbiz.de/10010985711
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency programs and the benefits of international antitrust...
Persistent link: https://www.econbiz.de/10010274020