Collusion in Markets with Imperfect Price Information on Both Sides

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Collusion in markets with imperfect price information on both sides

The paper considers tacit collusion in markets which are not fully transparent on both sides. Consumers only detect prices with some probability before deciding which …rm to purchase from, and each …rm only detects the other …rm’s price with some probability. Increasing transparency on the producer side facilitates collusion, while it increasing transparency on the consumer side makes collusion...

متن کامل

Noncooperative Collusion under Imperfect Price Information

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...

متن کامل

Repeated Games with Incomplete Information on Both Sides

We analyze the set of equilibria of two-person repeated games with incomplete information on both sides. We show that each equilibrium generates a martingale with certain properties. Moreover, for games, satisfying a certain condition that we call "tightness", it is shown that the converse also holds: each such martingale generates an equilibrium. 'Institute of Mathematics and Center for Ration...

متن کامل

Cheap- Talk with Incomplete Information on Both Sides

We provide a characterization of the set of equilibria of two-person cheap-talk games with incomplete information on both sides. Each equilibrium generates a martingale with certain properties and one can obtain an equilibrium from each such martingale. Moreover, the characterization depends on the number of possible messages. It is shown that for every natural number n, there exist equilibrium...

متن کامل

Collusion in Markets with Syndication∗

Markets for IPOs and debt issuances are syndicated, in the sense that a bidder who wins a contract may invite losing bidders to join a syndicate that together fulfills the contract. We show that in markets with syndication, standard intuitions from industrial organization can be reversed: Collusion may become easier as market concentration falls, and market entry may in fact facilitate collusio...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Review of Industrial Organization

سال: 2016

ISSN: 0889-938X,1573-7160

DOI: 10.1007/s11151-016-9539-7