Showing 51 - 60 of 36,194
In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with relative performance in the firm's objective functions. We demonstrate that collusive stability is increasing (decreasing) in the degree of relative performance, product...
Persistent link: https://www.econbiz.de/10014636244
less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …
Persistent link: https://www.econbiz.de/10012886259
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10012990230
We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price … sustainability of collusion. Starting from a low level, an increase in signal precision first facilitates collusion. However, there … is a turning point from which on any further increase renders collusion less sustainable. Our analysis provides important …
Persistent link: https://www.econbiz.de/10011892956
In this paper we provide game theoretic support for the results of the kinked demand curve. By analyzing an infinitely repeated game where unit costs fluctuate stochastically between a low and a high state over time and where firms follow a price-matching punishment strategy, we demonstrate that...
Persistent link: https://www.econbiz.de/10013117289
Tacit collusion is explored under a strategy in which, loosely speaking, firms match the lowest price set by any firm …
Persistent link: https://www.econbiz.de/10013155040
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013003617
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013012564
The amino-acid lysine cartel was a watershed even in antitrust enforcement. It was the first global price … history of the global lysine cartel and the legal consequences for its members in the United States. The story focuses …
Persistent link: https://www.econbiz.de/10013044502
. We show that in the absence of hassle costs, MCCs might induce collusion in homogeneous markets even if they are adopted … only by few retailers. If hassle and implementation costs are mild, collusion can be enforced by BCCs with lump sum refunds …
Persistent link: https://www.econbiz.de/10013223424