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We study insurers’ behavior under monopoly and Cournot duopoly when they canaffect the probability or magnitude of harm from accidents. The way consumers’risk aversion changes with wealth and the way risk affects the slope of the demandfunction determine whether Cournot duopolists increase...
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constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …
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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 …
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competing firms provided that they consider collusive prices to be kind and punishment prices to be unkind. Thus, reciprocity …
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profits in the form of higher wages and benefits. A threat to this cartel is an employer who wants to bargain with the union …-association employer’s union employees’ interests is not available. In enforcing this scheme a cartel’s primary tactic is the use of “most … scholars, antitrust law is an ineffective tool to remedy union-association cartel behavior. Instead, the Article puts forward …
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and higher costs. We examine Canada's alleged bread cartel and provide the first comprehensive analysis of hub …
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