- Mergers Facilitate Tacit Collusion🔍
- Weak cartels and collusion|proof auctions🔍
- Identifying the Degree of Collusion Under Proportional Reduction🔍
- The Economics of Algorithmic Pricing🔍
- A Computational Experiment with Sequential Pricing Algorithms ...🔍
- Algorithms and Collusion🔍
- Collusion Along the Learning Curve🔍
- AI|Powered Trading🔍
Collusion with Persistent Cost Shocks PRELIMINARY DRAFT|DO ...
Mergers Facilitate Tacit Collusion: Empirical Evidence from the U.S. ...
estimates in Ashenfelter, Hosken and Weinberg (2014b) control for firm-specific cost shocks, but do not reflect any changes in prices caused by ...
Weak cartels and collusion-proof auctions - Daniele Condorelli
... price do not ... Distribution of winning bids under first-price auction with or without collusion. ... Collusion with persistent cost shocks.
In this section, we outline our framework by presenting a model with linear demand and constant marginal cost functions. ... do rely on the same set of first- ...
The Economics of Algorithmic Pricing: Is collusion really inevitable?*
5 This suggests that there is not a first order effect of market transparency on the price level. 4 Of course, asymmetries do not prevent firms from reaching ...
A Computational Experiment with Sequential Pricing Algorithms ...
Focal price equilibria are characterized by constant prices over time. Firms tacitly colluding and all charging the monopoly price in each period is an example.
Algorithms and Collusion - Background Note by the Secretariat
Given their automated nature, pricing algorithms are particularly useful to implement continuous price changes over time – dynamic pricing – or ...
Collusion Along the Learning Curve: Theory and Evidence from the ...
... first quarter of positive output) on r is not impacted by cost shocks. This condition is more likely to hold in the semiconductor industry ...
AI-Powered Trading, Algorithmic Collusion, and Price Efficiency
All the random initial states and shocks (i.e., vt, ut, and exploration status of each informed AI speculator for all t ≥ 0) are independently drawn from.
• produces a homogenous good at constant marginal cost c ... demand shock and countercyclical prices and ... Detecting and fighting collusion. •Why do ...
Cartel members do not coordinate first ... the future, regardless of what delays, demand shocks, and marginal cost shocks are realized. ... A dynamic oligopoly with ...
Deciding Between Competition and Collusion
If the first m firms do collude, then the cost ... generate this type of cost shock. ... [42] Pesendorfer, Martin,“A Study of Collusion in First-Price Auctions,” ...
A Study of Collusion in First-Price Auctions - Department of Economics
First, the equilibrium strategy of the selected cartel bidder is to shade its bid up by more than do non-cartel bidders. Second, the ex ante bid distribution of ...
Collusion through delayed pricing: Evidence from the Italian petrol ...
... shocks are considered: First, the publicly announced price policy change by the market leader, ENI, who made its price changes less predictive,.
Three Essays on Product Collusion by Christopher John Sullivan
where wt is a vector of excluded, exogenous, random cost shocks distributed iid and observed by all firms in period t before choosing quantities. The first ...
Why Your Groceries Are Still So Expensive - Forbes
This is a form of implicit collusion,” she said. “Firms do not even need to talk to one another to know that a cost shock is a great time to ...
Collusion and price rigidity - CORE
Collusion and Price Rigidity. Susan Athey, Kyle Bagwell and Chris Sanchirico. First Draft: November, 1997. Last Revised: July, 2001. Abstract. We consider an ...
cost and cost changes are normally distributed but do ... responds to cost shocks ... Category 3: Collusive Market Other Than First and Second Moments of Price ...
chapter 601. motor vehicle safety responsibility act - Texas Statutes
(3) the total amount credited on one or more judgments for damage to or destruction of property of another resulting from one collision equals or exceeds the ...
International price fixing by private entities can be prosecuted under the antitrust laws of many countries. Examples of prosecuted international cartels are ...
The Effect of Potential Collusion on Equilibrium Prices
First, buyers believe that collusion may take place with a strictly ... set a common price according to a continuous price ... do not randomise for ...