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policy and finance in Switzerland which can help to explain these idiosyncrasies. We also analyze house prices and rents, and …
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land rents. …
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Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …
Persistent link: https://www.econbiz.de/10013362394
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …
Persistent link: https://www.econbiz.de/10011434582
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level of durability; 2) a monopoly or explicit cartel is welfare superior to an implicit cartel; 3) welfare is non …-monotonic in the number of firms; 4) a regulator may demand inefficiently high levels of durability to prevent collusion. …
Persistent link: https://www.econbiz.de/10010343926
that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …
Persistent link: https://www.econbiz.de/10010343969
This paper carries out an empirical assessment of the relationship between social capital and labour productivity in small and medium enterprises in Italy. By means of structural equations models, the analysis investigates the effect of different aspects of the multifaceted concept of social...
Persistent link: https://www.econbiz.de/10010312481