Cartel and Monopoly Policy

Competition Policy and Cartel Size

This article examines endogenous cartel formation in the presence of a competition authority. Competition policy is shown to make the most inclusive stable cartels less inclusive. In particular, small firms that might have been cartel members in the absence of a competition authority are no longer members. Regarding the least inclusive stable cartels, competition policy can either decrease or i...

International Trade Policy towards Monopoly and Oligopoly

This paper highlights the importance of product differentiation and endogenous r&d in determining the optimal r&d policy, in a model where investment in cost reducing r&d is committed before firms compete in a differentiated-goods third-country export market. R&D is always taxed in oligopolies for high degrees of product differentiation. For lower degrees of product differentiation the duopoly ...

SO 2 policy and input substitution under spatial monopoly

Following the U.S. Clean Air Act Amendments of 1990, electric utilities dramatically increased their utilization of low-sulfur coal from the Powder River Basin (PRB). Recent studies indicate that railroads hauling PRB coal exercise a substantial degree of market power and that relative price changes in the mining and transportation sectors were contributing factors to the observed pattern of in...

China's Competition Policy Reforms: The Anti-Monopoly Law and Beyond

Trade liberalization and cartel stability *

Manuscript No: #8529, Acceptance date: November 30, 1999 Trade liberalization and cartel stability* Kjell Erik Lommerud Lars Sørgard RRH: TRADE LIBERALIZATION AND CARTEL STABILITY LRH: Kjell Erik Lommerud and Lars Sørgard Abstract Can reduced trade barriers promote a collusive understanding about not exporting into each others domestic markets? Reduced trade costs increase the short-run gains f...