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Passive forward ownership and upstream collusion

Charistos, Konstantinos; Pinopoulos, Ioannis; … - 2021

We examine the effects of passive forward ownership on the sustainability of upstream collusion. We consider a homogeneous Cournot duopoly with competing vertical chains. In one chain, the upstream firm has non-controlling partial ownership over its downstream exclusive client. We find that...

Persistent link: https://www.econbiz.de/10013212509

Pricing Algorithms as Collusive Devices

Veljanovski, Cento - 2021

This paper undertakes a critical review of the prospect that self-learning pricing algorithms will lead to widespread collusion independently of the intervention and participation of humans. There is no concrete evidence, no example yet, and no antitrust case that self-learning pricing...

Persistent link: https://www.econbiz.de/10013212718

Autonomous Algorithmic Collusion : Q-Learning Under Sequential Pricing

Klein, Timo - 2021

Prices are increasingly set by algorithms. One concern is that intelligent algorithms may learn to collude on higher prices even in the absence of the kind of coordination necessary to establish an antitrust infringement. However, exactly how this may happen is an open question. I show how in...

Persistent link: https://www.econbiz.de/10013214544

Global Cartels, Leniency Programs and International Antitrust Cooperation

Choi, Jay Pil - 2010

In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members …

Persistent link: https://www.econbiz.de/10013144908

Second-Hand Markets and Collusion by Manufacturers of Semidurable Goods

Schiraldi, Pasquale - 2010

The focus of the present work is to study the impact of the second-hand market the collusive behavior. I analyze firms' preferences for having an active second-hand market and whether policies (i.e. leasing policy, buy-back policy and warranty policy) that affect the functioning of the...

Persistent link: https://www.econbiz.de/10013148187

Imperfect Collusion in an Asymmetric Duopoly

Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - 2021

Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...

Persistent link: https://www.econbiz.de/10013243009

Not from Concentrate : Collusion in Collaborative Industries

Barry, Jordan M.; Hatfield, John William; Kominers, … - 2021

It is a core principle of antitrust law and theory that reduced market concentration lowers the risk of anticompetitive behavior. We demonstrate that this principle is fundamentally incomplete.Traditional models assume that firms interact only as competitors. We examine and model...

Persistent link: https://www.econbiz.de/10013245478

Optimal Destabilization of Cartels

von Auer, Ludwig; Pham, Tu Anh - 2021

This paper introduces an oligopoly model that includes three actors: a cartel (comprising two or more firms that … operate like one merged company), a group of competing fringe firms, and a welfare maximizing antitrust authority. The cartel …. The cartel is internally stable if none of its member firms finds it profitable to become a fringe firm. The antitrust …

Persistent link: https://www.econbiz.de/10013247115

Do Pay-as-Bid Auctions Favor Collusion? Evidence from Germany's Market for Reserve Power

Heim, Sven - 2013

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

All Time Cheaters Versus Cheaters in Distress : An Examination of Cheating and Oil Prices in OPEC

Dibooglu, Sel - 2013

This paper investigates the OPEC quota share system and whether there is any pattern to quot;cheatingquot;. Using threshold cointegration methods, we examine each OPEC member's cheating behavior in periods of rising and falling real oil prices. Most OPEC members behave differently in response to...

Persistent link: https://www.econbiz.de/10012753838