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Illegal Cartel Overcharges in Markets with a Legal Cartel History : Bitumen Prices in South Africa
Boshoff, Willem H. - 2015
estimating cartel overcharges. Conventional approaches often rely on temporal approaches, where pricing during the cartel period … is compared with prices in a competitive period. In markets with a legal cartel history, a competitive price cannot be …-fixing case. The results suggest that, while the bitumen cartel may have responded to cost and demand shocks in a similar way to …
Persistent link: https://www.econbiz.de/10014140121
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The effects of leniency on cartel pricing
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2014
We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …
Persistent link: https://www.econbiz.de/10010433900
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The discontent cartel member and cartel collapse : the case of the German cement cartel
Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2014
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …
Persistent link: https://www.econbiz.de/10010424815
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Maximal cartel pricing and leniency programs
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2008
antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …
Persistent link: https://www.econbiz.de/10011377398
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Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...
Persistent link: https://www.econbiz.de/10009777055
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The effects of leniency on maximal cartel pricing
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2009
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …
Persistent link: https://www.econbiz.de/10011378956
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Cartel cases and the cartel enforcement process in the European Union 2001-2015 : a quantitative assessment
Hellwig, Michael; Hüschelrath, Kai - 2016
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … European Union (EU) from 2001 to 2015. In a first step, we present a detailed characterization of all cartel cases decided by … the European Commission (EC) with respect to various criteria such as the number of involved firm groups, cartel market …
Persistent link: https://www.econbiz.de/10011541082
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Gender and collusion
Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012938866
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Price-fixing policy
Kaplow, Louis - 2018
The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings cannot be reconciled with principles of oligopoly theory. This article...
Persistent link: https://www.econbiz.de/10011810824
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Gender and collusion
Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012886259