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Cartel stability in times of low interest rates

Lenhard, Severin - 2021 - Version: March 2021

thus increases cartel stability. If firms access the capital market, an additional effect comes into play: a low interest … measure for a cartel's stability regarding the two opposing effects. Stability is U-shaped in the interest rate. We test our …

Persistent link: https://www.econbiz.de/10012510306

The effectiveness of leniency programs when firms choose the degree of collusion

Emons, Winand - 2018 - Version: October 2018

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an investigation. Firms pick the degree of collusion: The more they collude, the higher are profits, but so is the probability of detection. Firms thus trade-off higher profits against...

Persistent link: https://www.econbiz.de/10011919342

Rebating antitrust fines to encourage private damages actions

Emons, Winand; Lenhard, Severin - 2020 - Version: January 2020

To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would otherwise not occur. If, however, the parties settle...

Persistent link: https://www.econbiz.de/10012159842

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 …

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

On Sellers' Collusion in E-Commerce Marketplaces

Bisceglia, Michele - 2021

Motivated by a recent competition policy debate on retailers' collusion in online marketplaces, this paper studies a …. Specifically, if the platform adopts the agency model and is vertically integrated (i.e., sells a private label in competition with … third-party sellers), a cartel between third-party sellers induces it to charge them lower fees and to set a lower price for …

Persistent link: https://www.econbiz.de/10013241355

Transparency and tacit collusion in a differentiated market

Schultz, Christian - 2002

This paper investigates the effects on tacit collusion of increased market transparency on the consumer side of a market in a differentiated Hotelling duopoly. Increasing market transparency increases the benefits to a firm from underbutting the collusive price. It also decreases the punishment...

Persistent link: https://www.econbiz.de/10011409987

Collusive Incentives in Markets with Differentiated Products

Bolatto, Stefano - 2020

collusion (i.e., the cartel's proximity to the industry profit frontier) among symmetric firms, determining both pricing in the …

Persistent link: https://www.econbiz.de/10012836924

Algorithmic Pricing Agents and Tacit Collusion : A Technological Perspective

Ittoo, Ashwin - 2020

Amongst the wealth of concerns raised by Artificial Intelligence (“AI”), one is the risk that the deployment of algorithmic pricing agents on markets will increase occurrences of tacit collusion by orders of magnitude, and well beyond the oligopoly setting where such markets failures have...

Persistent link: https://www.econbiz.de/10012853668

Three is still a Party : An Experiment on Collusion and Entry

Goppelsroeder, Marie - 2011

This paper presents an experiment to test effects of sequential entry on stability of collusion in oligopoly markets. Previous research suggests that the larger the number of firms, the harder it is to sustain collusion. We find that when groups start off small and the entrant is informed about...

Persistent link: https://www.econbiz.de/10012713807

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition …

Persistent link: https://www.econbiz.de/10014023495