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Cartel sustainability and cartel stability
Escrihuela-Villar, Marc - 2004
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive … agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this … result on the incentives of firms to participate in a cartel. Firms will be more willing to participate because otherwise …
Persistent link: https://www.econbiz.de/10011600408
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Imperfect collusion in an asymmetric duopoly
Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - In: Estudios de economía 45 (2018) 1, pp. 29-50
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/10011982484
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The Cartel Behind the California Energy Crisis
Black, William K.; Black, Kenny Joseph Carbone - 2015
(Republican) Governor Wilson and a cartel. They favored price caps. The Clinton administration supported Governor Davis. Ken Lay … Regulator Commission (FERC) opposed price caps and barred state officials from access to tapes proving that there was a cartel …. The facts never supported the “perfect storm” theory. The theory that best fit the facts was that a cartel caused the …
Persistent link: https://www.econbiz.de/10014199069
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Cartel Sustainability and Cartel Stability
Escrihuela-Villar, Marc - 2004
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive … agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this … result on the incentives of firms to participate in a cartel. Firms will be more willing to participate because otherwise …
Persistent link: https://www.econbiz.de/10014072456
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012
We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...
Persistent link: https://www.econbiz.de/10009545821
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2014
We analyze the interaction between market structure and market performance and how it varies over the product cycle. To account for the potential endogeneity in this relation, we use an instrumental variable approach. We combine data from the largest Austrian online market for price comparisons...
Persistent link: https://www.econbiz.de/10010354542
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Imperfect competition with costly disposal
Lenhard, Severin - 2021 - Version: April 2021
This paper studies the disposal costs' effect on consumer surplus and firms' profits. The costlier disposal, the less is disposed of, firms' competition for market shares increases, thereby benefiting consumers. Yet firms decrease their production to mitigate costs, affecting consumer surplus...
Persistent link: https://www.econbiz.de/10012510307
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Market Structure and Market Performance in E-Commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012
We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...
Persistent link: https://www.econbiz.de/10010294886
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2011
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10010307832
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10010310987