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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

Equilibria in symmetric games : theory and applications

Hefti, Andreas - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 979-1002

This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for...

Persistent link: https://www.econbiz.de/10011744039

Privatization neutrality theorem in free entry markets

Matsumura, Toshihiro; Okumura, Yasunori - In: The B.E. journal of theoretical economics 17 (2017) 2, pp. 1-9

Persistent link: https://www.econbiz.de/10011709668

Tacit collusion under fairness and reciprocity

İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65

This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...

Persistent link: https://www.econbiz.de/10009753710

Simple voting games and cartel damage proportioning

Napel, Stefan; Welter, Dominik - In: Games 12 (2021) 4, pp. 1-18

Individual contributions by infringing firms to the compensation of cartel victims must reflect their “relative responsibility for the harm caused” according to EU legislation. Several studies have argued that the theoretically best way to operationalize this norm is to apply the Shapley...

Persistent link: https://www.econbiz.de/10012649687

Fusiones nacionales e internacionales en oligopolios mixtos

Méndez Naya, José Antonio - In: Estudios de economía 39 (2012) 1, pp. 87-104

Taking as a reference a model in which there are a public firm, a national private firm and a foreign private one, it is analyzed both mergers sustainability and their relative effects on welfare. It is proved that the merger between the public firm and either the national or the international...

Persistent link: https://www.econbiz.de/10009668322

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

Union bargaining in an oligopoly market with Cournot-Bertrand competition : welfare and policy implications

Schroeder, Elizabeth; Tremblay, Victor J. - In: Economies : open access journal 2 (2014) 2, pp. 95-108

We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model …, where one firm competes in output (a la Cournot) and the other firm competes in price (a la Bertrand). The Nash equilibrium … prices, outputs, and profits are quite diverse in this model, with the competitive advantage going to the Cournot …

Persistent link: https://www.econbiz.de/10010345639

Information sharing in oligopoly : sharing groups and core-periphery architectures

Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17

The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...

Persistent link: https://www.econbiz.de/10013171765

Product competition and R&D investment under spillovers within full or partial collusion games

Zhao, Kai - In: Latin American economic review : LAER ; official … 24 (2015), pp. 1-27

The paper investigates firms’ behavior and outcomes (levels of cost-reducing R&D, output, profit and welfare in equilibrium) in a differentiated duopoly with process innovation. One of the important features in this paper is that spillovers operate in the R&D stage and are tied to the degree...

Persistent link: https://www.econbiz.de/10011885533

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