Showing 61 - 70 of 36,194
This chapter sets out the principles and emerging practice governing cartel damages in the EU and UK. It identifies the … have been be used to estimate overcharges, volume effects, and duration of a cartel. A version of the chapter is to appear …
Persistent link: https://www.econbiz.de/10013212073
This paper presents an updated narrative of the history of the global lysine cartel and the legal consequences for its …
Persistent link: https://www.econbiz.de/10014216150
We re-examine tacit collusion under a simple punishment rule in which firms match any lower price by their rivals, but … otherwise leave their prices unchanged. We provide conditions under which this simple rule sustains collusion and is credible …. Provided competition is imperfect, collusion can always be sustained, but never to the point of monopoly. Interestingly, the …
Persistent link: https://www.econbiz.de/10014061873
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10009751726
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10013080623
an ordering among alternative behavioral hypotheses (Cournot, Stackelberg, Edgeworth/Bertrand, collusion, and perfect …
Persistent link: https://www.econbiz.de/10012739733
behavior, but can even increase them. -- Auctions ; Collusion ; Market Power ; Energy Markets ; Reserve Power ; Balancing Power …
Persistent link: https://www.econbiz.de/10009736354
This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …
Persistent link: https://www.econbiz.de/10013332300
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly …
Persistent link: https://www.econbiz.de/10013418834
sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly …
Persistent link: https://www.econbiz.de/10013164725