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Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC
We introduce evolutionary game method to analyze low-price collusion in inquiry market of Sci-Tech Innovation Board of China (SIBC) from the...
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Collusion with Not-So-Secret Rings
When collusion is analyzed for Independent private value auctions, it is implicitly assumed that ring presence is commonly known to colluding and...
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Spying and imperfect commitment in first-price auctions: a case of tacit collusion
We analyze Stackelberg leadership in a first-price auction. Leadership is induced by an information system, represented by a spy, that leaks one...
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List Price Collusion
Firms sometimes collude by agreeing on increases in list prices. Yet, the efficacy of such list price collusion is subject to discussion as colluding...
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Public–Private Collusion
We study collusion between a public firm and a private firm facing linear demand and quadratic costs. We characterize the collusive outcome that...
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Losses from horizontal merger and collusion
We show that the implications of a merger on collusion sustainability change significantly from the extant literature if merger is not profitable in...
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Collusion
This chapter studies firms’ incentives to collude in imperfectly competitive markets. Exercise 8.1 identifies the range of discount factors that...
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Imperfect collusion in monitored markets with free entry
Surveys of antitrust cases reveal that colluding firms usually (1) attempt to minimise the risk of prosecution, (2) achieve merely imperfect levels...
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Trade, Transport Emissions and Multimarket Collusion with Border Adjustments
We analyze the impact of border adjustment policies on trade, pollution and welfare when firms, located in different countries, sell differentiated...
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Public Communication as a Mechanism for Collusion in the Broiler Industry
In this paper, we investigate whether the U.S. broiler companies used public information sharing mechanisms to collude to reduce output and fix...
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Cheap Talk, Monitoring and Collusion
Many collusive agreements involve the exchange of self-reported sales data between competitors, which use them to monitor compliance with a target...
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Collusion with capacity constraints under a sales maximization rationing rule
In the repeated Bertrand duopoly with capacity constraints, we introduce a sales maximization rationing rule, instead of a standard rationing rule,...
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Does markup regulation restrict price hikes? Evidence from the oil industry
Using price data on three oil products (gasoline, automotive diesel, and heating oil) that have been recently affected by maximum markup regulation...
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Collusion under product differentiation
The present model analyses the possibility of stable cartels under vertical and horizontal product differentiation in the presence of cost asymmetry....
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Should Private Exchanges of List Price Information Be Presumed to Be Anticompetitive?
Harrington (
2022 ) provides a novel theory that explains how a private information exchange involving gross list prices can lead to higher transaction...
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Taxation and the sustainability of collusion with asymmetric costs
This paper explores the sustainability of collusion under either ad valorem or specific taxation in an infinitely repeated duopoly game. I compare ad...
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Deterring collusion with a reserve price: an auction experiment
We experimentally compare collusive behaviors in first-price sealed-bid auctions without and with a reserve price. Before the auction begins, a...
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Price leadership, spying, and secret price changes: a Stackelberg game with imperfect commitment
We analyze price leadership in a Stackelberg game with incomplete information and imperfect commitment. Sequential play is induced by an information...
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Corporate Site Visits and Stock Price Crash Risk: The Role of Institutional Investors’ Knowledge Acquisitions
This paper investigates the impact of institutional investors’ knowledge acquisition through corporate site visits (IICSV) on stock price crash risk...
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AI algorithms, price discrimination and collusion: a technological, economic and legal perspective
In recent years, important concerns have been raised about the increasing capabilities of pricing algorithms to make use of artificial intelligence...