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Network externalities and downstream collusion under asymmetric costs : a note

Lee, Jen Yao; Fan, Chen-Chia; Tsai, Chien-Shu - In: Games 14 (2023) 2, pp. 1-11

and cost asymmetry. A dynamic collusion game is constructed, and backward induction is employed to solve the subgame … downstream collusion when the cost asymmetry is large and network externalities are relatively weak. …

Persistent link: https://www.econbiz.de/10014422321

Is voting for a cartel a sign of cooperativeness?

Gillet, Joris - In: Games 12 (2021) 2, pp. 1-10

This paper tests the hypothesis that a (partial) reason why cartels - collective but costly and non-binding price agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form price agreements are more likely to be less...

Persistent link: https://www.econbiz.de/10012547790

Collusive stability with relative performance and network externalities

Lu, Yi-Shan; Tsai, Chien-Shu; Lee, Jen Yao; Lee, Chung-Yang - In: Games 15 (2024) 3, pp. 1-7

In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with relative performance in the firm's objective functions. We demonstrate that collusive stability is increasing (decreasing) in the degree of relative performance, product...

Persistent link: https://www.econbiz.de/10014636244

Deciphering algorithmic collusion : insights from bandit algorithms and implications for antitrust enforcement

Marty, Frédéric; Warin, Thierry - In: Journal of economy and technology 3 (2025), pp. 34-43

This paper explores algorithmic collusion from both legal and economic perspectives, underscoring the increasing … implicit collusion that occur without explicit communication. Legally, the primary challenge lies in detecting and categorizing … between algorithmic transparency and the prevention of collusion is critical. While regulatory measures could mitigate …

Persistent link: https://www.econbiz.de/10015433443

Spotify : from music streaming start-up to global audio company

Schmid, Stefan; Romey, Tobias - 2022

During the last few decades, the internet and digital technology have fundamentally changed the global music industry. As a consequence, new companies and novel business models have emerged. Spotify, one of the new players in the music industry, has expanded its business activities and grown to...

Persistent link: https://www.econbiz.de/10014022598

Intellectual property rights and North-South trade : exports vs. foreign direct investment

Dong, Quan; Bárcena Ruiz, Juan Carlos; Garzón, Maria … - In: Estudios de economía 49 (2022) 2, pp. 145-173

This paper examines whether a Northern firm prefers to export or to engage in FDI to serve the South. If the firm engages in FDI, its technology is imitated, and a Southern firm enters the market that may sell in both markets. The Northern firm may invest to prevent product piracy in the North....

Persistent link: https://www.econbiz.de/10013489801

Reconciliaciones y estrategias de oferta en el mercado mayorista de electricidad de Colombia

Carabalí, Jaime; Pérez, Alex; Meneses Cerón, Luis Ángel - In: Revista de métodos cuantitativos para la economía y … 35 (2023), pp. 57-79

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

Persistent link: https://www.econbiz.de/10014340297

Price and quantity competition under vertical pricing

Basak, Debasmita - In: Games 14 (2023) 4, pp. 1-8

We consider a vertically related market where one quantity-setting and another price-setting downstream firm negotiate the terms of a two-part tariff contract with an upstream input supplier. In contrast to the traditional belief, we show that the price-setting firm produces a higher output and...

Persistent link: https://www.econbiz.de/10014426325

Banking on deposit relationships : implications for hold-up problems in the loan market

Cao, Jin; Garcia-Appendini, Emilia; Huylebroek, Cédric - 2024

Theory suggests that by lending to a firm, inside banks gain an informational advantage over non-lender outside banks. This informational gap hinders borrowers from switching lenders due to a winner's curse faced by competing outside banks, leading to hold-up problems. In this paper, we show...

Persistent link: https://www.econbiz.de/10015179602

Switching costs in the Finnish retail deposit market

Takalo, Tuomas - In: Journal of the Finnish Economic Association : JFEA 1 (2020) 1, pp. 78-91

I calibrate the switching cost for the Finnish retail deposit market by using the approach developed by Oz Shy (2002). It turns out that switching costs faced by deposit customers of the main Finnish banks manifest large variation and are high, ranging from 200 euros to nearly 1,400 euros. Over...

Persistent link: https://www.econbiz.de/10013286483

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