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homogeneous and heterogeneous product, Cournot, Tullock competition) the Nash-2 equilibrium sets are obtained and considered as … tacit collusion or strong competition in dependence of additional security considerations …
Persistent link: https://www.econbiz.de/10013024415
' ability to collude in a dynamic game of price competition with homogeneous goods. We find that passive backward acquisitions … collusive price that is set by the cartel to increase the acquirer's profit from its claim on the upstream margin. …
Persistent link: https://www.econbiz.de/10012297609
pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …
Persistent link: https://www.econbiz.de/10012175360
Persistent link: https://www.econbiz.de/10009720709
created in hopes of increasing competition. One example is the licensing of cellular telephone services in the United States … geographic markets. Taking advantage of the unique regulatory environment, we test to what degree duopolistic competition leads …
Persistent link: https://www.econbiz.de/10014060312
competition). Because the ordering is invariant to the values of background parameters, statistical tests of market conduct may be …
Persistent link: https://www.econbiz.de/10012739733
This paper develops a model that formalizes several connections between mergers, collusion and competition policy. In …) and the competition authority can only deter collusion by restricting mergers. Finally, we highlight that mergers could be … more harmful (less beneficial) than expected if the impact that mergers have on the competition regime is properly …
Persistent link: https://www.econbiz.de/10014110460
competition than under Cournot competition in the sense of wide range of network externalities; (ii) collusion in prices …
Persistent link: https://www.econbiz.de/10014092591
Many markets, including markets for IPOs and debt issuances, are syndicated: each winning bidder invites competitors to join its syndicate to complete production. Using repeated extensive form games, we show that collusion in syndicated markets may become easier as market concentration falls,...
Persistent link: https://www.econbiz.de/10011901727
This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...
Persistent link: https://www.econbiz.de/10009753710