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Keyword: collusion;

6 results found.

Theoretical Economics Paper

Sales and Collusion in a Market with Storage

Francesco Nava and Pasquale Schiraldi

Sales are a widespread and well-known phenomenon that has been documented in several product markets. Regularities in such periodic price reductions appear to suggest that the phenomenon cannot be entirely attributed to ...Read more...

1 July 2011

Economics of Industry Paper

Second-Hand Markets and Collusion by Manufacturers of Semidurable Goods

Pasquale Schiraldi

The focus of the present work is to study the impact of the second-hand market the collusive behavior. I analyze firms’ preferences for having an active second-hand market and whether policies (i.e. leasing policy, buy-b...Read more...

September 2009

Economics of Industry Paper

Cartel Stability under Capacity Constraints: The Traditional View Restored

Volker Nocke

The existence of a negative relationship between cartel stability and the level of excess capacity in an industry has for a long time been the dominant view in the traditional IO literature. Recent supergame-theoretic co...Read more...

July 1999

Theoretical Economics Paper

A Theory of Supervision with Endogenous Transaction Costs

Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort

We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were ris...Read more...

July 1998

Economics of Industry Paper

Underinvestment and Market Structure

Volker Nocke

This paper analyses a dynamic game of investment in R&D or advertising, where current investments change future market conditions. It investigates whether underinvestment can be supported in equilibrium by the threat of ...Read more...

February 1998

Economics of Industry Paper

Product Differentiation, Uncertainty and the Stability of Collusion

Michael A. Raith

The conventional view that product heterogeneity limits the scope for collusion among oligolpolists has been challenged in recent theoretical work. This paper provides an argument in support of the conventional view by e...Read more...

October 1996