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Bolatto, Stefano; Lambertini, Luca - 2017

We investigate the possibility for two vertically related firms to at least partially collude on the wholesale price over an in.nite horizon to mitigate or eliminate the e¤ects of double marginalisation, thereby avoiding contracts which might not be enforceable. We characterise alternative...

Persistent link: https://www.econbiz.de/10011674459

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353

Forward trading and collusion in supply functions

Wölfing, Nikolas - 2019

This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …

Persistent link: https://www.econbiz.de/10011968922

Corporate social responsibility and firms ability to collude

Lambertini, Luca; Tampieri, Alessandro - 2011

define their objective functions. Our analysis focuses on the bearings of CSR on collusion over an infinite horizon … surplus has a pro-competitive effect under both full and partial collusion. Conversely, a higher impact of productivity on … pollution has an anti-competitive effect under partial collusion, while exerting no effect under full collusion. Under partial …

Persistent link: https://www.econbiz.de/10011737085

Partial collusion with asymmetric cross-price effects

Savorelli, Luca - 2010

from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion … which are asymmetric in magnitude. Within this framework, we study partial collusion using Friedman (1971) solution concept …. Our main result shows that the interval of quantities supporting collusion in the asymmetric setting is always smaller …

Persistent link: https://www.econbiz.de/10011737876

Patent protection and threat of litigation in oligopoly

Capuano, Carlo; Grassi, Iacopo - 2018

entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement …

Persistent link: https://www.econbiz.de/10011818422

Optimal cross-licensing arrangements : collusion versus entry deterrence

Choi, Jay Pil; Gerlach, Heiko A. - 2018

This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...

Persistent link: https://www.econbiz.de/10011873750

Patent protection and threat of litigation in oligopoly

Capuano, Carlo; Grassi, Iacopo - 2018

entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement …

Persistent link: https://www.econbiz.de/10011799562

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Cournot meets Bayes-Nash : A discontinuity in behavior in finitely repeated duopoly games

Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2022

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

Persistent link: https://www.econbiz.de/10013295651