Arbeitspapier
Competitive Prices as Profit-Maximizing Cartel Prices
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the discount factor goes to one. We then identify a set of necessary conditions for this seemingly counter-intuitive result.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 10-047/1
- Klassifikation
-
Wirtschaft
- Thema
-
Antitrust enforcement
Cartel
Oligopoly
Repeated game
Kartellrecht
Rechtsdurchsetzung
Oligopol
Wiederholte Spiele
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Houba, Harold
Motchenkova, Evgenia
Wen, Quan
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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
- Houba, Harold
- Motchenkova, Evgenia
- Wen, Quan
- Tinbergen Institute
Entstanden
- 2010
Ähnliche Objekte (12)
Maximizing price stability in a monetary economy
Price, profits, proxies, and production
Switching Beers? The Effects of Switching Costs on Prices and Profits in Competitive Markets
Competitive Imperfect Price Discrimination and Market Power
Price and profit optimization for financial services
The competitive pricing in marina business: exploring relative price position and price fluctuation
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
A Note on a Profit Maximizing Location Model
Non-profit-maximizing behavior in supply chain management
Non-profit-maximizing behavior in supply chain management
Maximizing price stability in a monetary economy
Price, profits, proxies, and production
Switching Beers? The Effects of Switching Costs on Prices and Profits in Competitive Markets
Competitive Imperfect Price Discrimination and Market Power
Price and profit optimization for financial services
The competitive pricing in marina business: exploring relative price position and price fluctuation
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
A Note on a Profit Maximizing Location Model
Non-profit-maximizing behavior in supply chain management
Non-profit-maximizing behavior in supply chain management
Maximizing price stability in a monetary economy
Price, profits, proxies, and production
Switching Beers? The Effects of Switching Costs on Prices and Profits in Competitive Markets
Competitive Imperfect Price Discrimination and Market Power
Price and profit optimization for financial services
The competitive pricing in marina business: exploring relative price position and price fluctuation
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
Oligopoly price discrimination, competitive pressure and total output
A Note on a Profit Maximizing Location Model
Non-profit-maximizing behavior in supply chain management