Maintaining Privacy in Cartels

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منابع مشابه

Maintaining Privacy in Cartels∗

It is conventional wisdom that transparency in cartels– monitoring of competitors’ prices, sales, and profits– facilitates collusion. However, in several recent cases cartels have instead gone out of their way to preserve the privacy of their participants’actions and outcomes. Towards explaining this behavior, we show that cartels can sometimes sustain higher profits when actions and outcomes a...

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Data mining services require accurate input data for their results to be meaningful, but privacy concerns may influence users to provide spurious information. We investigate here, with respect to mining association rules, whether users can be encouraged to provide correct information by ensuring that the mining process cannot, with any reasonable degree of certainty, violate their privacy. We p...

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Mathematical models are invaluable tools for quantifying potential epidemics and devising optimal control strategies in case of an outbreak. State-of-the-art models increasingly require detailed individual farm-based and sensitive data, which may not be available due to either lack of capacity for data collection or privacy concerns. However, in many situations, aggregated data are available fo...

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Communication in Cartels∗

We study the role of communication within a cartel. Our analysis is carried out in Stigler’s (1964) model of oligopoly with secret price cuts. This is a repeated game with private monitoring since in the model, firms observe neither the prices nor the sales of their rivals. For a fixed discount factor, we identify conditions under which there are equilibria with "cheap talk" communication that ...

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Country Cartels *

We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when demand is low and marginal dollars are highlyvalued, and when demand is high and potential defection prof...

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ژورنال

عنوان ژورنال: Journal of Political Economy

سال: 2018

ISSN: 0022-3808,1537-534X

DOI: 10.1086/699975