Showing 1 - 10 of 44
the world copper market, from at least 1991 until earlier this year. This manipulation has concentrated attention on the … manipulation is not illegal under UK financial services regulation, but that in any case, deterrence is better than prosecution …. Manipulation will be best deterred by greater transparency, in particular through mandatory reporting of client positions to …
Persistent link: https://www.econbiz.de/10005662332
through both productive effort and costly manipulation, and may undo the contract by privately saving. The optimal contract …
Persistent link: https://www.econbiz.de/10008477185
The deregulation of the telecommunications industry has resulted in a variety of industry structures which have been created in the hope of increasing competition. One example is the licensing of cellular telephone services in the United States. In the face of scarce radio spectrum, the Federal...
Persistent link: https://www.econbiz.de/10005504383
highlight the deficiencies in the current formal theory of collusion. The Sugar Institute did not fix prices or output. Prices …
Persistent link: https://www.econbiz.de/10005504565
corresponding to different nexi of collusion between the principal and/or the experts. …
Persistent link: https://www.econbiz.de/10005497724
The impact of demand growth on the collusion possibilities is investigated in a Cournot supergame where market growth …' available. It is shown that even in situations where perfect collusion can be sustained after entry, coping with a potential …
Persistent link: https://www.econbiz.de/10005497875
-antitrust forms of collusion, such as collusion between auditors and management, and more generally to corporate and organized crime. …
Persistent link: https://www.econbiz.de/10005498010
efficient mechanism to implement collusion among merchants and rulers, building on the natural complementarity between merchants …
Persistent link: https://www.econbiz.de/10004976786
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10004976790
This model describes the working of hub-and-spoke collusion that has been discussed recently by competition policy … authorities. We develop a model of tacit collusion between a manufacturer and two retailers, competing a la Rotemberg and Saloner … retailers reach a more efficient collusive equilibrium. The hub and spoke conspiracy reduces double marginalization, but raises …
Persistent link: https://www.econbiz.de/10011083474