show that any vertical merger facilitates upstream collusion, no matter how large (in terms of capacity or size of product … collusion than a similar merger with a smaller buyer. This formalizes the idea expressed in the U.S. and EU non …

I study the prospects for collusion between rival firms that share technological know-how. Two common forms of … a broad set of cases, licensing yields higher collusive profits to firms and higher prices to consumers. In other cases …

that an alliance between such airlines may facilitate collusion on price and/or service levels in the partners' overlapping …

This paper presents a model of collusion in vertically differentiated industries where firms have the option to make … their products distinguishable to consumers by attaching a brand. We show that if consumers’ preferences are linear in the … quality dimension and their beliefs satisfy a standard refinement, collusion is facilitated in the absence of brands. More …

In order to fight collusive behaviors, the best scenario for competition authorities would be the possibility to …, quick tests such as Benford's Law can only be helpful to inspect markets where price patterns show signs of collusion. Given …

difficult to sustain collusion when it is costly either to coordinate or to maintain collusion. These results contrast with the … collusion under some common models of product differentiation, but is consistent with the empirical literature that suggests … that collusion tends to occur most among homogeneous firms. Further, we show that costly monitoring can be compatible with …

We study how competition affects innovation (and welfare) when firms compete both in the product market and in … innovation development. This relationship is complex and may lead to scenarios in which a lessening of competition increases R …