The Pros and Cons of Information Sharing
نویسنده
چکیده
Transparency may be a two‐edged sword in oligopolistic markets where itaffects both the incentive to deviate from a collusive agreement and theseverity of the potential punishment by rival firms. We provide an overviewof theories relating transparency to collusion and competition. This isfollowed by a brief overview of some practical cases to suggest that theefficiency concerns raised by theory are more than academic speculation.The cases considered include Danish ready‐mixed concrete, Swedish retailgasoline, and liner shipping, in addition to seminal cases such as airlinetariff publishing, Ivy League, wood pulp, and UK tractors. We concludewith a taxonomy of information exchange and some general lessons forcompetition policy. JEL Classification: D18; D43; L13; L41
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تاریخ انتشار 2006