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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2014 - [Rev.] November 2014
We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups … constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …
Persistent link: https://www.econbiz.de/10010428107
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Auctioning off a non-rivalrous good with interference
Watts, Alison - In: Games 15 (2024) 4, pp. 1-11
price auction over non-conflicting groups and examine how non-rivalry impacts both efficiency and collusion. Conditions are … are given under which collusion in a group auction results in higher prices. …
Persistent link: https://www.econbiz.de/10015075932
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Let's lock them in: Collusion under consumer switching costs
Fourberg, Niklas - 2018
Consumer switching costs cause the market demand of consumers who already bought a supplier's product to be less elastic while they simultaneously increase competition for new consumers. I study the effect of this twofold pricing incentive on firms' price setting behavior in a 2x2 factorial...
Persistent link: https://www.econbiz.de/10011892963
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Endogenous cartel formation: Experimental evidence
Fonseca, Miguel A.; Normann, Hans-Theo - 2014
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they gain less from a hysteresis effect after cartel...
Persistent link: https://www.econbiz.de/10010397752
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2014
We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups … constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …
Persistent link: https://www.econbiz.de/10010426996
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Explicit vs. tacit collusion: The impact of communication in oligopoly experiments
Fonseca, Miguel A.; Normann, Hans-Theo - 2012
We explore the difference between explicit and tacit collusion by investigating the impact communication has in …
Persistent link: https://www.econbiz.de/10010310323
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Competitive prices as profit-maximizing cartel prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10011380471
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2012
We explore whether buyer groups, in which firms legally purchase inputs jointly, facilitate collusion in the product … credible threats, hence, in theory buyer groups facilitate collusion. We run several experimental treatments in a three … as a main factor causing collusive product markets. -- buyer groups ; cartels ; collusion ; communication ; experiments …
Persistent link: https://www.econbiz.de/10009661278
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Endogenous cartel formation : experimental evidence
Fonseca, Miguel A.; Normann, Hans-Theo - 2014
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they gain less from a hysteresis effect after cartel...
Persistent link: https://www.econbiz.de/10010401724
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Explicit vs. tacit collusion : the impact of communication in oligopoly experiments
Fonseca, Miguel A.; Normann, Hans-Theo - 2012
We explore the difference between explicit and tacit collusion by investigating the impact communication has in …. -- cartels ; collusion ; communication ; experiments ; repeated games …
Persistent link: https://www.econbiz.de/10009612674