Fighting Hard Core Cartels
نویسندگان
چکیده
منابع مشابه
Bargaining and Fighting in Hard Times*
Those inside and, especially, those controlling an organization — be it a firm, a committee, a cabinet ministry, or the state — often have better information about the organization’s resources and activities than outsiders do. This informational asymmetry may lead to costly, inefficient conflict between insiders and outsiders over the allocation of those resources. We formalize this conflict as...
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If an antitrust authority chooses an enforcement policy to maximize the number of successfully prosecuted cartels, when does that policy minimize the number of cartels that form? When the detection and prosecution of cartels is inherently difficult, we find that an antitrust authority’s policy minimizes the number of cartels, as is socially desirable. But when the detection and prosecution of c...
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Consider a decision problem that cannot be 1 ? approximated by circuits of a given size in the sense that any such circuit fails to give the correct answer on at least a fraction of instances. We show that for any such problem there is a speciic \hard-core" set of inputs which is at least a fraction of all inputs and on which no circuit of a slightly smaller size can get even a small advantage ...
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We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when demand is low and marginal dollars are highlyvalued, and when demand is high and potential defection prof...
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A key idea in cryptography is using hard functions in order to obtain secure schemes. The theory of hard functions (e.g. one-way functions) has been a great success story, and the community has developed a fairly strong understanding of what types of cryptographic primitives can be achieved under which assumption. We explore the idea of using moderately hard functions in order to achieve many t...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1727396