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We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010942823
In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price … improvement in data quality it is more difficult to sustain collusion. …
Persistent link: https://www.econbiz.de/10010956721
although competition between incompatible networks is initially unstable and sensitive to competitive offers and random events …
Persistent link: https://www.econbiz.de/10014024585
incompatible networks is initially unstable and sensitive to competitive offers and random events, it later tips to monopoly, after …
Persistent link: https://www.econbiz.de/10014026899
We analyze a sample of consumer-electronics products sold by the US NewEgg online-retailer to study the impact of Price Matching Guarantees (PMGs) policies on prices. By applying aDifference-in-Differences approach,we find that prices of the policy-adopting retailer increase by 4.7% during the...
Persistent link: https://www.econbiz.de/10014435142
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10010281843
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a recent phenomenon that we name EU ``leniency inflation", whereby leniency has been increasingly awarded to many, and sometimes all members of a cartel. We argue that, coupled...
Persistent link: https://www.econbiz.de/10013221273
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust … that facilitate tacit collusion by providing quantitative evidence that links these actions to an anticompetitive market … about collusion. …
Persistent link: https://www.econbiz.de/10009777055
sufficiently. We alsoshow that a lower cost of copying facilitates collusion but that a higherquality of the copy hinders collusion …
Persistent link: https://www.econbiz.de/10005082634