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The Predictability of DOJ Cartel Fines
Connor, John M. - 2016
Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly … direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from …
Persistent link: https://www.econbiz.de/10012979998
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Collusion by algorithm: the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
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Collusion by Algorithm : Does Better Demand Prediction Facilitate Coordination Between Sellers?
Miklós-Thal, Jeanine - 2018
We build a game-theoretic model to examine how better demand forecasting due to algorithms, machine learning and artificial intelligence affects the sustainability of collusion in an industry. We find that while better forecasting allows colluding firms to better tailor prices to demand...
Persistent link: https://www.econbiz.de/10012910026
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Collusion by algorithm : the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10012990230
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Collusive compensation schemes aided by algorithms
Martin, Simon; Schmal, W. Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10012704975
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Collusive compensation schemes aided by algorithms
Martin, Simon; Schmal, W. Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10012698813
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011724001
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2018
Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …
Persistent link: https://www.econbiz.de/10011906924
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Collusive benchmark rates fixing
Boot, Nuria; Klein, Timo; Schinkel, Maarten-Pieter - 2018 - Revision: January 2018
theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …
Persistent link: https://www.econbiz.de/10011791538
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017 - This version: December 31, 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011778632