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Leniency Inflation, Cartel Damages and Criminalization

Marvão, Catarina M. P.; Spagnolo, Giancarlo - 2021

We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a recent phenomenon that we name EU ``leniency inflation", whereby leniency has been increasingly awarded to many, and sometimes all members of a cartel. We argue that, coupled...

Persistent link: https://www.econbiz.de/10013221273

Does Common Ownership Explain Higher Oligopolistic Profits?

Rock, Edward B. - 2020

has caused the increase in oligopoly profits and have proposed a variety of policy responses. This paper briefly reviews …

Persistent link: https://www.econbiz.de/10012831179

Oligopoly Pricing and Richard Posner

Hylton, Keith N. - 2018

Over a span of nearly 50 years Richard Posner's voice has loomed large over the subject of oligopoly pricing and … antitrust. The span begins in 1969 with Posner's publication of “Oligopoly and the Antitrust Laws: A Suggested Approach,” which …, suggest very different approaches to the enforcement of Section 1 in oligopoly pricing cases. In Part II, I describe the text …

Persistent link: https://www.econbiz.de/10012922494

Finite State Dynamic Games with Asymmetric Information : A Computational Framework

Fershtman, Chaim; Pakes, Ariel - 2005

We present a simple algorithm for computing an intuitive notion of MPE for finite state dynamic games with asymmetric information. The algorithm does not require: storage and updating of posterior distributions, explicit integration over possible future states to determine continuation values,...

Persistent link: https://www.econbiz.de/10014070473

Collusive upward gasoline price movements in medium-sized German cities

Neukirch, Arne; Wein, Thomas - 2016

Do we have effective competition between the gasoline's big five oligopolists (Aral, Shell, Esso, Total and Jet) and fringe gasoline stations? Using 2014 Market Transparency price data from 66 cities with populations between 60,000 and 100,000, we analyze which brands lead price increases, the...

Persistent link: https://www.econbiz.de/10011487769

Taxation and the sustainability of collusion : ad valorem versus specific taxes

Azacis, Helmuts; Collie, David R. - 2014

critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …

Persistent link: https://www.econbiz.de/10010406210

Explicit vs. tacit collusion : the impact of communication in oligopoly experiments

Fonseca, Miguel A.; Normann, Hans-Theo - 2012

We explore the difference between explicit and tacit collusion by investigating the impact communication has in experimental markets. For Bertrand oligopolies with various numbers of firms, we compare pricing behavior with and without the possibility to communicate among firms. We find strong...

Persistent link: https://www.econbiz.de/10009612674

On the Stability of Multimarket Collusion in Price-Setting Supergames

Bond, Eric W. - 2012

In this paper we examine how trade liberalization affects collusive stability in the context of multimarket interactions. The model we consider is a segmented-markets duopoly in which price-setting firms pool their incentive constraints across markets to sustain their most collusive outcome. We...

Persistent link: https://www.econbiz.de/10013113914

Explicit vs. Tacit Collusion - The Impact of Communication in Oligopoly Experiments

Fonseca, Miguel Alexandre - 2011

Persistent link: https://www.econbiz.de/10013119873

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353