Collusion with costly consumer search
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ijindorg.2015.10.006
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Schultz, Christian, 2005. "Transparency on the consumer side and tacit collusion," European Economic Review, Elsevier, vol. 49(2), pages 279-297, February.
- Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-659, September.
- Green, Edward J & Porter, Robert H, 1984.
"Noncooperative Collusion under Imperfect Price Information,"
Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
- Green, Edward J. & Porter, Robert H., 1982. "Noncooperative Collusion Under Imperfect Price Information," Working Papers 367, California Institute of Technology, Division of the Humanities and Social Sciences.
- Edward J Green & Robert H Porter, 1997. "Noncooperative Collusion Under Imperfect Price Information," Levine's Working Paper Archive 1147, David K. Levine.
- José Luis Moraga-González & Zsolt Sándor & Matthijs R Wildenbeest, 2023.
"Consumer Search and Prices in the Automobile Market,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(3), pages 1394-1440.
- José Luis Moraga-González & Zsolt Sándor & Matthijs R. Wildenbeest, 2015. "Consumer Search and Prices in the Automobile Market," Tinbergen Institute Discussion Papers 15-033/VII, Tinbergen Institute.
- Moraga-González, José L. & Sándor, Zsolt & R. Wildenbeest, Matthijs, 2015. "Consumer Search and Prices in the Automobile Market," IESE Research Papers D/1123, IESE Business School.
- Moraga-González, José-Luis & Wildenbeest, Matthijs & Sándor, Zsolt, 2015. "Consumer Search and Prices in the Automobile Market," CEPR Discussion Papers 10487, C.E.P.R. Discussion Papers.
- Wildenbeest, Matthijs & Moraga-González, José-Luis & Sándor, Zsolt, 2021. "Consumer Search and Prices in the Automobile Market," CEPR Discussion Papers 16574, C.E.P.R. Discussion Papers.
- Ross, Thomas W., 1992.
"Cartel stability and product differentiation,"
International Journal of Industrial Organization, Elsevier, vol. 10(1), pages 1-13, March.
- Tom Ross, 1990. "Cartel Stability And Product Differentiation," Carleton Industrial Organization Research Unit (CIORU) 90-04, Carleton University, Department of Economics.
- Pinna, Fabio & Seiler, Stephan, 2014. "Consumer Search: Evidence from Path-Tracking Data," Research Papers 3174, Stanford University, Graduate School of Business.
- Zhou, Jidong, 2009. "Prominence and Consumer Search: The Case With Multiple Prominent Firms," MPRA Paper 12554, University Library of Munich, Germany.
- Mark Armstrong & John Vickers & Jidong Zhou, 2009.
"Prominence and consumer search,"
RAND Journal of Economics, RAND Corporation, vol. 40(2), pages 209-233, June.
- Mark Armstrong & John Vickers & Jidong Zhou, 2008. "Prominence and Consumer Search," Economics Series Working Papers 379, University of Oxford, Department of Economics.
- Hackner, Jonas, 1996. "Optimal symmetric punishments in a Bertrand differentiated products duopoly," International Journal of Industrial Organization, Elsevier, vol. 14(5), pages 611-630, July.
- Asher Wolinsky, 1986. "True Monopolistic Competition as a Result of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(3), pages 493-511.
- R. Rothschild, 1997. "Product differentiation and cartel stability: Chamberlin versus Hotelling," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(3), pages 259-271.
- Fabio Pinna & Stephan Seiler, 2014. "Consumer Search: Evidence from Path-tracking Data," CEP Discussion Papers dp1296, Centre for Economic Performance, LSE.
- Burdett, Kenneth & Judd, Kenneth L, 1983. "Equilibrium Price Dispersion," Econometrica, Econometric Society, vol. 51(4), pages 955-969, July.
- Deneckere, R., 1983. "Duopoly supergames with product differentiation," Economics Letters, Elsevier, vol. 11(1-2), pages 37-42.
- Pinna, Fabio & Seiler, Stephan, 2014. "Consumer search: evidence from path-tracking data," LSE Research Online Documents on Economics 60447, London School of Economics and Political Science, LSE Library.
- Ivaldi, Marc & Jullien, Bruno & Rey, Patrick & Seabright, Paul & Tirole, Jean, 2003. "The Economics of Tacit Collusion," IDEI Working Papers 186, Institut d'Économie Industrielle (IDEI), Toulouse.
- Compte, Olivier, 2002. "On Failing to Cooperate When Monitoring Is Private," Journal of Economic Theory, Elsevier, vol. 102(1), pages 151-188, January.
- Michihiro Kandori & Hitoshi Matsushima, 1998. "Private Observation, Communication and Collusion," Econometrica, Econometric Society, vol. 66(3), pages 627-652, May.
- Jacquemin, Alexis & Slade, Margaret E., 1989. "Cartels, collusion, and horizontal merger," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 7, pages 415-473, Elsevier.
- Kohn, Meir G. & Shavell, Steven, 1974. "The theory of search," Journal of Economic Theory, Elsevier, vol. 9(2), pages 93-123, October.
- Stahl, Dale O, II, 1989. "Oligopolistic Pricing with Sequential Consumer Search," American Economic Review, American Economic Association, vol. 79(4), pages 700-712, September.
- Janssen, Maarten C.W. & Moraga-Gonzalez, Jose Luis & Wildenbeest, Matthijs R., 2005. "Truly costly sequential search and oligopolistic pricing," International Journal of Industrial Organization, Elsevier, vol. 23(5-6), pages 451-466, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Swoboda, Sandra Maria, 2017. "Einfluss ausgewählter Determinanten auf die Kartellbildung und -stabilität: Eine Literaturstudie," Arbeitspapiere 176, University of Münster, Institute for Cooperatives.
- Jeisson Cárdenas & Jesús Otero & Luis H. Gutiérrez, 2022. "Search intensity, search time and prices: evidence from retail diesel markets in France," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 4797-4807, December.
- Luke Garrod & Matthew Olczak, 2021. "Supply‐ vs. Demand‐Side Transparency: The Collusive Effects Under Imperfect Public Monitoring," Journal of Industrial Economics, Wiley Blackwell, vol. 69(3), pages 537-560, September.
- Christian Schultz, 2017. "Collusion in Markets with Imperfect Price Information on Both Sides," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(3), pages 287-301, May.
- Rupayan Pal & Sumit Shrivastav, 2024. "Privacy regulation, cognitive ability, and stability of collusion," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2024-004, Indira Gandhi Institute of Development Research, Mumbai, India.
- Mark Armstrong, 2015.
"Search and Ripoff Externalities,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 273-302, November.
- Armstrong, Mark, 2014. "Search and Ripoff Externalities," MPRA Paper 57958, University Library of Munich, Germany.
- Armstrong, Mark, 2015. "Search and ripoff externalities," MPRA Paper 62012, University Library of Munich, Germany.
- Mark Armstrong, 2014. "Search and Ripoff Externalities," Economics Series Working Papers 715, University of Oxford, Department of Economics.
- Nicolas de Roos, 2018. "Collusion with limited product comparability," RAND Journal of Economics, RAND Corporation, vol. 49(3), pages 481-503, September.
- Paolo Crosetto & Alexia Gaudeul, 2017.
"Choosing not to compete: Can firms maintain high prices by confusing consumers?,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(4), pages 897-922, December.
- Paolo Crosetto & Alexia Gaudeul, 2017. "Choosing not to compete: Can firms maintain high prices by confusing consumers?," Post-Print hal-01845684, HAL.
- Martin Obradovits & Philipp Plaickner, 2020. "Price-Directed Search and Collusion," Working Papers 2020-24, Faculty of Economics and Statistics, Universität Innsbruck.
- Montag, Felix & Sagimuldina, Alina & Winter, Christoph, 2024. "When does mandatory price disclosure lower prices? Evidence from the German fuel market," Working Papers 344, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Roos, Nicolas de & Smirnov, Vladimir, 2021.
"Collusion, price dispersion, and fringe competition,"
European Economic Review, Elsevier, vol. 132(C).
- de Roos, Nicolas & Smirnov, Vladimir, 2019. "Collusion, price dispersion, and fringe competition," Working Papers 2019-13, University of Sydney, School of Economics.
- Jacopo De Tullio & Giuseppe Puleio, 2021. "Sustainability of Collusion and Market Transparency in a Sequential Search Market: a Generalization," Papers 2105.02094, arXiv.org.
- Wenzel, Tobias, 2024. "Collusion, inattentive consumers and shrouded prices," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 579-591.
- Martin, Simon, 2020. "Market transparency and consumer search - Evidence from the German retail gasoline market," DICE Discussion Papers 350, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martin, Simon, 2020. "Market transparency and consumer search - Evidence from the German retail gasoline market," DICE Discussion Papers 350, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Gamp, Tobias & Krähmer, Daniel, 2022. "Biased Beliefs in Search Markets," Rationality and Competition Discussion Paper Series 365, CRC TRR 190 Rationality and Competition.
- Martin Obradovits & Philipp Plaickner, 2020. "Price-Directed Search and Collusion," Working Papers 2020-24, Faculty of Economics and Statistics, Universität Innsbruck.
- Moraga-González, José L. & Sándor, Zsolt & Wildenbeest, Matthijs R., 2014.
"Prices, Product Differentiation, And Heterogeneous Search Costs,"
IESE Research Papers
D/1097, IESE Business School.
- José L. Moraga-González & Zsolt Sándor & Matthijs R. Wildenbeest, 2014. "Prices, Product Differentiation, and Heterogeneous Search Costs," Tinbergen Institute Discussion Papers 14-080/VII, Tinbergen Institute.
- José Luis Moraga Gonzalez & Zsolt Sándor & Matthijs R. Wildenbeest, 2014. "Prices, Product Differentiation, and Heterogeneous Search Costs," CESifo Working Paper Series 4889, CESifo.
- Jose L. Moraga-Gonzalez, 2015. "Prices, Product Differentiation, and Heterogeneous Search Costs," 2015 Meeting Papers 335, Society for Economic Dynamics.
- Andrew Rhodes & Jidong Zhou, 2019.
"Consumer Search and Retail Market Structure,"
Management Science, INFORMS, vol. 67(6), pages 2607-2623, June.
- Rhodes, Andrew & Zhou, Jidong, 2016. "Consumer Search and Retail Market Structure," MPRA Paper 69484, University Library of Munich, Germany.
- Rhodes, Andrew & Zhou, Jidong, 2018. "Consumer Search and Retail Market Structure," TSE Working Papers 18-928, Toulouse School of Economics (TSE).
- Christian Schultz, 2002. "Transparency and Tacit Collusion in a Differentiated Market," CESifo Working Paper Series 730, CESifo.
- Ding, Yucheng & Zhang, Tianle, 2018.
"Price-directed consumer search,"
International Journal of Industrial Organization, Elsevier, vol. 58(C), pages 106-135.
- Ding, Yucheng & Zhang, Tianle, 2018. "Price-directed Consumer Search," MPRA Paper 93552, University Library of Munich, Germany.
- Jidong Zhou, 2020.
"Improved Information in Search Markets,"
Cowles Foundation Discussion Papers
2264R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2022.
- Jidong Zhou, 2020. "Improved Information in Search Markets," Cowles Foundation Discussion Papers 2264, Cowles Foundation for Research in Economics, Yale University.
- Zhou, Jidong, 2020. "Improved Information in Search Markets," MPRA Paper 100509, University Library of Munich, Germany.
- Schultz, Christian, 2005. "Transparency on the consumer side and tacit collusion," European Economic Review, Elsevier, vol. 49(2), pages 279-297, February.
- Chen, Yongmin & Zhang, Tianle, 2011.
"Equilibrium price dispersion with heterogeneous searchers,"
International Journal of Industrial Organization, Elsevier, vol. 29(6), pages 645-654.
- Chen, Yongmin & Zhang, Tianle, 2009. "Equilibrium price dispersion with heterogeneous searchers," MPRA Paper 16490, University Library of Munich, Germany.
- Hämäläinen, Saara, 2018. "Competitive search obfuscation," Journal of Economic Dynamics and Control, Elsevier, vol. 97(C), pages 38-63.
- Marco A. Haan & José L. Moraga‐González, 2011.
"Advertising for Attention in a Consumer Search Model,"
Economic Journal, Royal Economic Society, vol. 121(552), pages 552-579, May.
- Haan, Marco A. & Moraga-Gonzalez, Jose L., 2009. "Advertising for attention in a consumer search model," IESE Research Papers D/794, IESE Business School.
- Marco A. Haan & Jose Luis Moraga-Gonzalez, 2009. "Advertising for Attention in a Consumer Search Model," Tinbergen Institute Discussion Papers 09-031/1, Tinbergen Institute.
- Maarten Janssen & Alexei Parakhonyak, 2014. "Consumer search markets with costly revisits," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 481-514, February.
- Yongmin Chen, 2024.
"Search and Competition Under Product Quality Uncertainty,"
Journal of Industrial Economics, Wiley Blackwell, vol. 72(2), pages 633-661, June.
- Chen, Yongmin, 2023. "Search and Competition Under Product Quality Uncertainty," MPRA Paper 116609, University Library of Munich, Germany.
- Obradovits, Martin, 2017. "Search and segregation," International Journal of Industrial Organization, Elsevier, vol. 55(C), pages 137-165.
- Alexandre de Cornière, 2016. "Search Advertising," American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 156-188, August.
- Astorne-Figari, Carmen & Yankelevich, Aleksandr, 2014. "Consumer search with asymmetric price sampling," Economics Letters, Elsevier, vol. 122(2), pages 331-333.
- Swoboda, Sandra Maria, 2018. "Market structure and cartel duration: Evidence from detected EU cartel cases," Arbeitspapiere 184, University of Münster, Institute for Cooperatives.
- Maarten Janssen & Paul Pichler & Simon Weidenholzer, 2009. "Sequential Search with Incompletely Informed Consumers: Theory and Evidence from Retail Gasoline Markets," Vienna Economics Papers 0914, University of Vienna, Department of Economics.
- Martin Obradovits & Philipp Plaickner, 2023.
"Price-Directed Search, Product Differentiation and Competition,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(3), pages 317-348, November.
- Martin Obradovits & Philipp Plaickner, 2022. "Price-Directed Search, Product Differentiation and Competition," Working Papers 2022-14, Faculty of Economics and Statistics, Universität Innsbruck.
More about this item
Keywords
Sequential search; Cartel; Collusion; Search costs; Horizontal differentiation; Homogeneous products;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:indorg:v:44:y:2016:i:c:p:1-10. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505551 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.