|
EconStor >
Heinrich-Heine-Universität Düsseldorf >
Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf >
DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/66210
|
| | |
| Title: | | Do buyer groups facilitate collusion?  |
| Authors: | | Normann, Hans-Theo Rösch, Jürgen Schultz, Luis Manuel |
| Issue Date: | | 2012 |
| Series/Report no.: | | DICE Discussion Paper 74 |
| Abstract: | | We explore whether buyer groups, in which firms legally purchase inputs jointly, facilitate collusion in the product market. In a repeated game, abandoning the buyer group altogether or excluding single firms from them constitute more severe credible threats, hence, in theory buyer groups facilitate collusion. We run several experimental treatments in a three-firm Cournot framework to test these predictions, and we also explore the impact communication has on buyer groups. The experimental results show that buyer groups lead to lower outputs when groups can exclude single firms. Communication is identified as a main factor causing collusive product markets. |
| Subjects: | | buyer groups cartels collusion communication experiments repeated games |
| JEL: | | C7 C9 L4 L41 |
| ISBN: | | 978-3-86304-073-4 |
| Document Type: | | Working Paper |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/66210
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|