This paper explores the use of collusion theories in merger analysis at the Federal Trade Commission. The 1992 Merger … Guidelines focuses on unilateral effect, relegating collusion analysis to a second tier theory. Both structural and behavioral … conditions conducive to establishing or maintaining an arrangement to restrict competition are listed in the Guidelines. This …

This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As … discount factor needed to sustain this equilibrium is then shown to be unambiguously lower than the one needed for collusion in …

science enables a rich understanding of competition beyond the simplistic descriptions of markets and firms proposed by …

prices on a small set of markets and later expanded this collusion to a larger set of markets. We show that the coordination …

In this paper we present an experiment in which we test the effects of sequential entry on the stability of collusion … makes collusion harder to sustain. In this study, we explore to what extent collusion can be upheld with exogenous entry … prior to entry. We find that collusion is indeed easier to sustain in the latter case than in groups starting large. We …

This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As … discount factor needed to sustain this equilibrium is then shown to be unambiguously lower than the one needed for collusion in …