Showing 1 - 10 of 160,812
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … subjects can only use a limited message space that does not allow communication of contingent strategies. When unlimited pre …-game communication is allowed, a similar initial decline in collusion reverses over time. Content analysis is used to identify multiple …
Persistent link: https://www.econbiz.de/10014197918
Persistent link: https://www.econbiz.de/10010380461
Persistent link: https://www.econbiz.de/10003911901
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
stage of a price-fixing cartel in the Chilean pharmaceutical retailing industry, where firms initially colluded to raise …
Persistent link: https://www.econbiz.de/10014263901
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586
reveals that such intra-play communication after capacity but before price choices has a collusive effect only for capacity …
Persistent link: https://www.econbiz.de/10011944106
innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …The experimental literature on antitrust enforcement provides robust evidence that communication plays an important … in the role of the competition authority, who is properly incentivized to judge communication content and price setting …
Persistent link: https://www.econbiz.de/10012406226
We investigate asymmetric price transmission (APT) in laboratory experiments and find that imperfect tacit collusion is likely the cause in our otherwise frictionless markets. We vary the number of sellers across markets to evaluate the role competition plays in APT. We report similar magnitudes...
Persistent link: https://www.econbiz.de/10013312514
cartel fines on either revenue, profit, or price overcharge influences cartel and market prices, as well as cartel incidence … in market prices across treatments is fully driven by cartel prices. While these results align with the theoretical … predictions, cartel incidence remains unchanged across regimes. Our results suggest competition authorities could improve …
Persistent link: https://www.econbiz.de/10015211665