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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/10013177648
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/10013177663
parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash … as continuous functions of quality asymmetry. We obtain novel and surprising results. Stability of collusion is … difference makes collusion less stable. The opposite holds for high levels of differentiation. Also, while low quality firms are …
Persistent link: https://www.econbiz.de/10013361954
as not all consumers are (always) served. We then lend our model to analyze collusion. We find that for any number of … collusion and merely consumer rents are transferred, or both welfare and consumer rents are reduced. An all-inclusive cartel …
Persistent link: https://www.econbiz.de/10012609033
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with multiple markets and repeated interaction, we vary the types of information that firms can exchange. We distinguish between hard information-verifiable information about past...
Persistent link: https://www.econbiz.de/10012614643
that resembles traditional tacit collusion, I conduct market experiments with human participants in the same environment …
Persistent link: https://www.econbiz.de/10012661680
We analyze the effect of different pricing schemes on horizontally differentiated firms' ability to sustain collusion … that the additional price component of the two-part tariff makes it more difficult to sustain collusion. Additionally, the … pricing schedule that is most beneficial for customers in absence of collusion harms customers most in presence of (partial …
Persistent link: https://www.econbiz.de/10012800464
We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically learns to collude, resulting in supracompetitive prices and extra profits for the firms sustained by collusive equilibria. A detailed analysis of the inner workings of this...
Persistent link: https://www.econbiz.de/10013427594
We analyze pricing patterns and price level effects of algorithms in the market segments for OTC-antiallergics and -painkillers in Germany. Based on a novel hourly dataset which spans over four months and contains over 10 million single observations, we produce the following results. First,...
Persistent link: https://www.econbiz.de/10014282595
constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …
Persistent link: https://www.econbiz.de/10014290080