منابع مشابه
Country Cartels *
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...
متن کامل[Henna tattooing in children: natural or temporary?].
BACKGROUND Tattoos of natural red/brown henna obtained from the indigenous tree Lawsonnia have been traditionally performed with a few side-effects. Nowadays black henna tattoos are usually performed even in children. The addition of several chemical agents to improve its cosmetic properties has increased the risk of developing contact dermatitis after exposure. Our aim is to determine the caus...
متن کاملCartels via the modiclus
We discuss market games or linear production games with 1nite sets of players. The representing distributions of initial assignments are assumed to have disjoint carriers. Thus, the agents decompose into 1nitely many disjoint groups each of which hold a corner of the market. In such a market traditional solution concepts like the core tend to favor the short side of the market excessively. We e...
متن کاملCommunication in Cartels∗
We study the role of communication within a cartel. Our analysis is carried out in Stigler’s (1964) model of oligopoly with secret price cuts. This is a repeated game with private monitoring since in the model, firms observe neither the prices nor the sales of their rivals. For a fixed discount factor, we identify conditions under which there are equilibria with "cheap talk" communication that ...
متن کاملHow Do Cartels Operate?
This paper distills and organizes facts about cartels from about 20 European Commission decisions over 1999-2004. It describes the properties of a collusive outcome, monitoring and punishment methods for enforcing it, the frequency of meetings, the organizational structure of cartels, and what preceded cartel formation.
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2006
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2006.06.002