Conspiracies and Secret Discounts: Initial Laboratory Results
نویسندگان
چکیده
Laboratory methods are used to evaluate factors that affect the success of price-fixing conspiracies. In standard posted-offer markets with no discounts, sellers are able to approach joint-profit-maximizing prices when they are allowed to discuss their decisions in advance. But such discussions are not effective when sellers are allowed to offer secret discounts from their posted prices; transactions prices fall to near-competitive levels.
منابع مشابه
Conspiracies and Secret Discounts in Laboratory Markets
This paper uses laboratory methods to evaluate whether price-fixing conspiracies break down in the presence of opportunities to offer secret discounts. The primary treatment difference is whether or not buyer-specific discounts from the posted list price are permitted. In standard posted-offer markets, conspiring sellers are able to find and maintain near-monopoly prices. But when the possibili...
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