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This paper presents an examination of whether an antitrust authority should prohibit a quantity-setting duopolists' semi-collusive production cartel after noncooperative quality-improving R&D. Results show that values of the technological spillover and product differentiation parameters exist...
Persistent link: https://www.econbiz.de/10014164174
In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price … improvement in data quality it is more difficult to sustain collusion. …
Persistent link: https://www.econbiz.de/10010343547
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10010281843
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10014186597
We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a recent phenomenon that we name EU ``leniency inflation", whereby leniency has been increasingly awarded to many, and sometimes all members of a cartel. We argue that, coupled...
Persistent link: https://www.econbiz.de/10013221273
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust … that facilitate tacit collusion by providing quantitative evidence that links these actions to an anticompetitive market … about collusion. …
Persistent link: https://www.econbiz.de/10009777055
is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
We study empirically the price effects of upstream cartels that sell through downstream retailers to final consumers. We focus on a German coffee producer cartel that colluded under two different regimes: (i) involving wholesale prices in 2003 and (ii) with additional resale price maintenance...
Persistent link: https://www.econbiz.de/10014080999
-monotonic in the number of firms; 4) a regulator may demand inefficiently high levels of durability to prevent collusion. …
Persistent link: https://www.econbiz.de/10010343926
Persistent link: https://www.econbiz.de/10014309086