Showing 47,511 - 47,520 of 47,714
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10010326004
Basing-point pricing is known to have been abused by geographically dispersed firms in order to eliminate competition … on transportation costs. This paper develops a topographic test for collusive basing-point pricing. The method uses … between competitive and collusive basing-point pricing. We define a measure for the likelihood of collusion that can be used …
Persistent link: https://www.econbiz.de/10010326071
manufacturer price (average price provisioning or APP). We characterize the optimal pricing strategy of a third-degree price … drug pricing, price protection in long-term trading contracts and shifts of consumers between markets. We analyze a … the minimum price and the average manufacturer price (minimum price provisioning or MPP) or a proportion of the average …
Persistent link: https://www.econbiz.de/10010332132
The recent developments in information technology (IT) have enabled firms to employ personalized pricing. Should all … firms employ personalized pricing even though the adaptation costs of such pricing strategies are not high? This paper … theoretically demonstrates a situation in which all firms do not always employ personalized pricing even though the fixed costs to …
Persistent link: https://www.econbiz.de/10010332203
This paper studies a monopoly pricing problem when the seller can also choose the timing of a trade with each buyer …
Persistent link: https://www.econbiz.de/10010332386
We develop a theoretical model of international trade pricing in which individual exporters and importers bargain over … the transaction price and exposure to exchange rate fluctuations. We find that the choice of price and invoicing currency … and greater exchange rate pass-through into import prices. We show the range of price and invoicing outcomes that arise …
Persistent link: https://www.econbiz.de/10010333604
Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows sellers to post prices at which buyers can purchase a...
Persistent link: https://www.econbiz.de/10010333716
The so called flat-rate bias is a well documented phenomenon caused by consumers' desire to be insured against fluctuations in their billing amounts. This paper shows that expectation-based loss aversion provides a formal explanation for this bias. We solve for the optimal two-part tariff when...
Persistent link: https://www.econbiz.de/10010333718
behavior by the sellers. On the one hand, reserve prices are adjusted remarkably nuanced to the resulting sales price pattern …, we find evidence for the sunk cost fallacy as there is a substantial positive effect on the reserve price when the player …
Persistent link: https://www.econbiz.de/10010333824
on both sides. We show that a price-setting platform provider sets a fee lower than the myopically optimal level on at …
Persistent link: https://www.econbiz.de/10010334036