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This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric …-quantity pair, perfect collusion with equal sharing of profit is easier to sustain in the uniform price auction than in the … set bids that are arbitrary finite step functions of price-quantity pairs, in repeated uniform price auctions maximal …
Persistent link: https://www.econbiz.de/10015230700
Collusion in auctions affects both revenue and efficiency and are prevalent. Yet, sellers do not use collusion … collusion-proof auctions. We use California highway procurements data, to estimate the cost of implementing collusion …-proof auctions as often as they should. Why is that? We find that one reason for this could be the cost of implementing efficient …
Persistent link: https://www.econbiz.de/10015243357
The acquisition by Berendsen Ireland Limited of Kings Laundry Limited should have been prohibited by the Competition and Consumer Protection Commission, Ireland’s competition agency. Instead the agency cleared the merger subject to the divestment of three of Berendsen’s healthcare contracts....
Persistent link: https://www.econbiz.de/10015212178
(increasing) the lifespan of the collusion only in the short (long) lived cartels. Operating internationally and having a third …
Persistent link: https://www.econbiz.de/10015213293
Explicit collusion, or cartel behavior, involves coordinated efforts among firms within a market to restrict …
Persistent link: https://www.econbiz.de/10015213703
n 2020, an antitrust lawsuit was filed against the Pork Integrators alleging a §1 Sherman Act violation. At the center of the Lawsuit, there is an alleged exchange of atomistic information about the Pork integrators’ operations using Agri Stats, Inc. as a clearinghouse. We use the Supreme...
Persistent link: https://www.econbiz.de/10015213843
I study a class of agreements between product market rivals to restrict their usage of a natural resource. The natural resource serves as an input for production and can imperfectly be replaced by a basket of other resources. The class of permissible agreements includes various quantitative and...
Persistent link: https://www.econbiz.de/10015214391
Significant attention has been paid to why a durable-goods producer with little or no market power would monopolize the maintenance market for its own product. This paper provides an explanation for this practice that is based on consumer switching costs and the choice of consumers between...
Persistent link: https://www.econbiz.de/10015216280
In this article we proposes the mathematical model for revelation of deliberate unfriendly information impacts which are fulfilled by means of specially prepared information messages (news, reviews and others) in mass-media. The model calculates the quantitative measure for fact determination of...
Persistent link: https://www.econbiz.de/10015216978
This paper studies the impact of firm and market size asymmetries on merger decisions. To do that I consider a model where a small and a large country compete in a third (world) market. Each of the two countries has two firms (with potentially different costs) that supply the domestic market and...
Persistent link: https://www.econbiz.de/10015218097