Arbeitspapier
Collusion Sustainability with a Capacity Constrained Firm
We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present conditions for the emergence of a partial cartel, with the capacity constrained firm being excluded by the large firms or self-excluded. In the latter case, we show under which circumstances the small firm induces a partial conspiracy that is Pareto-dominant. Implications for cartel identification and enforcement are finally discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10170
- Klassifikation
-
Wirtschaft
Firm Behavior: Theory
Oligopoly and Other Imperfect Markets
Monopolization; Horizontal Anticompetitive Practices
- Thema
-
antitrust
capacity constraints
collusion
partial cartel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Madio, Leonardo
Pignataro, Aldo
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Madio, Leonardo
- Pignataro, Aldo
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2022
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