Search results
Collusion, Mergers, and Related Antitrust Issues John Asker and Volker Nocke NBER Working Paper No. 29175 August 2021 JEL No. K21,L4 ABSTRACT This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research
- John Asker, Volker Nocke
- 2021
We develop and test a novel prediction of the theory of collusion over the business cycle. Building on Haltiwanger and Harrington (1991), we present a model of collusive behaviour in the presence of persistent demand and an Antitrust Authority (AA) in a Cournot framework.
May 19, 2008 · Collusion can profitably be classified into three distinct types. In our classification, "Type I" collusion is the familiar direct agreement among colluding firms (a cartel) to raise prices or,...
Jan 25, 2019 · How Central Bankers Rigged the World: Nomi Prins. In Nomi Prins' new book "Collusion," she reveals the collaboration between central bankers as they control global markets and dictate economic policy from Wall Street to Main Street.
We show that (1) the most-collusive prices are weakly procyclical (countercyclical) when demand growth rates are positively (negatively) correlated through time, and (2) the amplitude of the collusive pricing cycle is larger when the expected duration of boom phases decreases and when the expected duration of recession phases increases.
Nov 13, 2020 · Collusion is a way for firms to make higher profits at the expense of consumers and reduces the competitiveness of the market. In the above example, a competitive industry will have price P1 and Q competitive. If firms collude, they can restrict output to Q2 and increase the price to P2.
People also ask
What is collusion in business?
How does collusion affect the competitiveness of a market?
How does collusion affect the economy?
What are the types of collusion in the financial industry?
What is collusion & how does it work?
Why is collusion a bad idea?
May 25, 2024 · Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals that attempts to disrupt the market's equilibrium. The act of collusion involves people or companies...
