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Cartel size and collusive stability with non-capitalistic players
Delbono, Flavio; Lambertini, Luca - 2014
A well established belief both in the game-theoretic IO and in policy debates is that market concentration facilitates collusion. We show that this piece of conventional wisdom relies upon the assumption of profit-seeking behaviour, for it may be reversed when firms pursue other plausible goals....
Persistent link: https://www.econbiz.de/10011730010
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Cartel Size and Collusive Stability with Non-Capitalistic Players
Delbono, Flavio; Lambertini, Luca - 2014
A well established belief both in the game-theoretic IO and in policy debates is that market concentration facilitates collusion. We show that this piece of conventional wisdom relies upon the assumption of profit-seeking behaviour, for it may be reversed when firms pursue other plausible goals....
Persistent link: https://www.econbiz.de/10014145280
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Collusion and the elasticity of demand
Collie, David - In: Economics Bulletin 12 (2004) 3, pp. 1-6
The analysis of collusion in infinitely repeated Cournot oligopoly games has generally assumed that demand is linear, but this note uses constant-elasticity demand functions to investigate how the elasticity of demand affects the sustainability of collusion.
Persistent link: https://www.econbiz.de/10005181954
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Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …
Persistent link: https://www.econbiz.de/10010326070
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Competitive prices as profit-maximizing cartel prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …
Persistent link: https://www.econbiz.de/10011380471
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2012
We explore whether buyer groups, in which firms legally purchase inputs jointly, facilitate collusion in the product market. In a repeated game, abandoning the buyer group altogether or excluding single firms from them constitute more severe credible threats, hence, in theory buyer groups...
Persistent link: https://www.econbiz.de/10009661278
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Endogenous cartel formation : experimental evidence
Fonseca, Miguel A.; Normann, Hans-Theo - 2014
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they … may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they … gain less from a hysteresis effect after cartel disruption. …
Persistent link: https://www.econbiz.de/10010401724
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2014 - [Rev.] November 2014
We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups purchase inputs more economically. In a repeated game, abandoning the buyer group altogether or excluding single firms constitute credible threats. Hence, in theory, buyer groups...
Persistent link: https://www.econbiz.de/10010428107
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Imperfect Cartelization in OPEC
Okullo, Samuel Jovan - 2012
oligopolistic producers, but less than a perfect cartel …
Persistent link: https://www.econbiz.de/10013108880
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Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …
Persistent link: https://www.econbiz.de/10013144204