Achieving Efficiency through Collusion: A Market Failure Defense to Horizontal Price-Fixing

Private damage claims and the passing-on defense in horizontal price-fixing cases: an economist's perspective

Vertical Maximum Price Fixing: In Defense of Albrecht

Collusion with asymmetric retailers: Evidence from a gasoline price-fixing case∗

We provide a description of the internal functioning of a price-posting retail market cartel based on an analysis of court documents containing the recorded conversations of participants in actual gasoline cartels operating in Québec. We characterize the organization and the pricing mechanism of the cartels, and we relate our findings to the theoretical literature, proposing a framework for und...

Achieving Comparable Effort through Carbon Price Agreements

Differential Efficiency, Market Structure, and Price

A persistent question in industrial economics is the underpinning of the link between market concentration and price. How much of the link can be attributed to market power and how much to market efficiency? This paper develops a theoretical model to address that question. Applied to the US portland cement industry, the model indicates that both impacts matter. In relative terms, however, the m...