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This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...
Persistent link: https://www.econbiz.de/10014442786
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011724001
Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …
Persistent link: https://www.econbiz.de/10011906924
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011778632
Recent years have witnessed an increased interest, by competition agencies, in assessing the competitive effects of partial acquisitions. We propose an empirical structural methodology, which can deal with settings involving all types of owners and ownership rights, to quantify the coordinated...
Persistent link: https://www.econbiz.de/10012938452
In this paper we investigate the anti-competitive effects of partial horizontal ownership in a setting where: (i) two cost-asymmetric firms compete à la Cournot; (ii) managers deal with eventual conflicting interests of the different shareholders by maximizing a weighted sum of firms' operating...
Persistent link: https://www.econbiz.de/10013252397
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proportion to the profits lost due to the cartel, expected cartel profits can increase. Claims of downstream firms against …
Persistent link: https://www.econbiz.de/10010194468
Persistent link: https://www.econbiz.de/10011490231