Download or read book Localized Competition Multimarket Operation and Collusive Behavior written by Frank Verboven and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Multimarket Contact and Collusive Behavior written by Bert Douglas Bernheim and published by . This book was released on 1987 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Collusion and Competition Policy written by Joseph E. Harrington, Jr. and published by MIT Press. This book was released on 2017-11-16 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement. Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement. The book begins by discussing general issues that arise when models of collusion take into account competition law and enforcement. It goes on to consider game-theoretic models that encompass the probability of detection and penalties incurred when convicted, and examines how these policy instruments affect the frequency of cartels, cartel duration, cartel participation, and collusive prices. The book then considers the design of competition law and enforcement, examining such topics as the formula for penalties and leniency programs. The book concludes with suggested future lines of inquiry into illegal collusion.
Download or read book Essays on Multi Market Contact and Mutual Forbearance written by James R. Boohaker and published by . This book was released on 2020 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory states that as the number of firms in the market grows, firms behave more competitively and consumer choice therefore improves. However, when the same set of firms compete in multiple markets, there could exist some inter-market dynamics where a firm can react to a decision taken by a competitor in one market in a completely different market where that competitor is also present. One scenario is that firms competing across multiple markets will try to "play nice" with one another to avoid possible cross market retaliation. Corwin Edwards first posited this theory in 1955 and called it "mutual forbearance" (MF). When one set of firms competes in more than one market, then these firms have multi-market contact (MMC). Past empirical and theoretical research on multi-market competition further affirms a significant relationship between MMC and firm behavior related to competition and market entry. While literature on the effects of MMC is vast, most works focus on firm behavior in domestic markets. Chapters 3 and 4 of this dissertation aim to add to the sparse literature on the effect of MMC on firms operating in international markets. Motivated by litigation finding evidence of collusive behavior between battery manufacturers, I use confidential trade transaction data maintained by the U.S. Census Bureau to provide empirical evidence that MMC has a positive and significant effect on export prices and market entry among likely competitors in international battery markets. In addition, this dissertation also explores the mechanism driving the relationship between MMC and cooperation among competitors. The established theoretical reasoning concludes that firms with MMC are likely to cooperate to avoid punishment in other markets. Using an agent-based simulation approach where simulated learning firms compete in an iterated Prisoner's Dilemma , I uncover a potential alternative mechanism where increased familiarity of competitors makes cooperation more likely.
Download or read book International Bibliography of Economics 1998 written by Compiled by the British Library of Political and Economic Science and published by Psychology Press. This book was released on 1999-12-16 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned for its international coverage and rigorous selection procedures, this series provides the most comprehensive and scholarly bibliographic service available in the social sciences. Arranged by topic and indexed by author, subject and place-name, each bibliography lists and annotates the most important works published in its field during the year of 1997, including hard-to-locate journal articles. Each volume also includes a complete list of the periodicals consulted.
Download or read book Issues in Competition Law and Policy written by and published by American Bar Association. This book was released on 2008 with total page 840 pages. Available in PDF, EPUB and Kindle. Book excerpt: This massive 3-volume, hardcover examination of the history, design and enforcement of competition law is for judges, enforcement officials, lawyers, and economists-anyone who wishes to understand the jurisprudential, substantive, and methodological issues confronting modern competition law and policy. The authors of this book include policy makers, academics, economists, and lawyers from across the globe, ensuring a variety of perspectives and approaches on competition law and policy.
Download or read book Microeconometrics of Banking written by Hans Degryse and published by Oxford University Press, USA. This book was released on 2009 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a compendium to recent work in empirical banking. It follows the structure in 'The Microeconomics of Banking' by Xavier Freixas and Jean Charles Rochet in arranging the relevant methodologies, applications and results to achieve a coherent synthesis between available theory and supporting empirics.
Download or read book Polyhedral Techniques in Combinatorial Optimization written by Karen Aardal and published by . This book was released on 1995 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Financial Intermediation and Banking written by Anjan V. Thakor and published by Elsevier. This book was released on 2008-07-07 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. - Original review articles offer valuable perspectives on research issues appearing in top journals - Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation - Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles
Download or read book The Economics of Competition Collusion and In between written by Claude d'Aspremont and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Empirical evidence shows that many markets are characterized by a few large firms that behave strategically, while cohabiting with a competitive fringe of small firms. Thus, there is a need to consider general equilibrium settings that account explicitly for strategic interactions among big firms. In this short but deep book, d'Aspremont and Dos Santos Ferreira provide several solutions that can reconcile "old" and "new" approaches to market competition through a series of nested frameworks. What makes this book unique is that the authors recognize explicitly the key role played by the labor market for the product market outcome. Their work is, therefore, a fundamental contribution that will allow us to understand better how markets work. Readers will also find a wide range of tools that can be used in different applications." - Jacques-François Thisse, CORE, Université Catholique de Louvain. "Oligopoly in general equilibrium has proved an elusive goal in theory for decades, with Claude d'Aspremont and Rodolphe Dos Santos Ferreira among the small group of scholars that have taken it seriously. In recent years, the big data revolution has revealed just how important very large firms are, especially in international trade, and has encouraged more work breaking away from the perfectly and monopolistically competitive paradigms. This book could not be more timely therefore, and should be required reading for anyone working in this important field." - Peter Neary, Georgetown University Qatar and Merton College, University of Oxford. This book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size - two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions. The Economics of Competition, Collusion and In-between provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. It aims to offer an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial. It will be relevant to those interested in applied industrial organization, trade, macroeconomics and quantitative economics.
Download or read book Market Segmentation and Collusive Behavior written by Qihong Liu and published by . This book was released on 2006 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent literature on oligopolistic third-degree price discrimination has been primarily concerned with rival firms' incentives to acquire customer-specific information and the consequences of such information on firm profitability and welfare. This literature has taken mostly a static view of the interaction between competing firms. In contrast, in this paper, we investigate the impact of customer-specific information on the likelihood of tacit collusion in a dynamic game of repeated interaction. This issue is very important because competitive price discrimination usually leads to a cutthroat price competition (prisoners' dilemma) among firms. Firms, therefore, may seek ways to soften competition and sustain higher prices. Our main result is that collusion becomes more difficult as the firms' ability to segment consumers improves.
Download or read book The Oxford Handbook of Banking written by Allen N. Berger and published by . This book was released on 2015 with total page 1105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.
Download or read book Economics Letters written by and published by . This book was released on 2002 with total page 954 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 1998 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bertrand Edgeworth Duopoly written by Jun Wang and published by . This book was released on 2019 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays most firms compete for multiple separate markets as opposed to a single market. Extant IO works mainly focus on these firms' cooperative behavior, assuming away their capacity constraints and studying the effect of potential multi-market retaliation upon these firms' collusive incentive. With the assumption that the firms have a single capacity constraint, which applies to the multiple separate markets they compete for, this paper sheds light on the effects of the capacity constraint and demand linkages across different markets in the context of a non-cooperative duopoly model. Different from the classical single market capacity-constrained price competition theory, which has three regions divided by three different types of price equilibria as we adjust the firms' capacity constraints, two asymmetric markets capacity-constrained price competition has five regions divided by five different types of price equilibria as we adjust the firms' capacity constraints. An interesting result is that the firms do not always set higher price in the big or rich market than the small or poor market. When the capacities are endogenously determined, we find that the classical single market result (Kreps and Scheinkman 1983) that the Cournot-Nash quantity is a subgame perfect Nash equilibrium cannot hold for the two asymmetric markets competition model. In sum, the results of the asymmetric markets capacity-constrained price competition may yield different implications on merger, price leadership, and collusive behavior.
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Download or read book Does Governance Matter written by Andreas Moerke and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
