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Must Trust Bust?

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Author Info
Møllgaard, Peter (Department of Economics, Copenhagen Business School)
Abstract

Our trust in competition policy is based on faith in markets.

When markets are oligopolies, already classical economists’ trust in

competition busted: Oligopolies carry the seeds of collusion. To develop,

collusion needs trust between firms. But new leniency programmes are

designed to bust that trust. I discuss when trust busters are likely to succeed

and when trust prevails.

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File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/7646
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Publisher Info
Paper provided by Copenhagen Business School, Department of Economics in its series Working Papers with number 02-2002.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 14 pages
Date of creation: 04 Feb 2002
Date of revision:
Handle: RePEc:hhs:cbsnow:2002_002

Contact details of provider:
Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Phone: 38 15 25 75
Fax: 38 15 26 65
Email:
Web page: http://www.cbs.dk/departments/econ/
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Related research
Keywords: Competition policy; Oligopolies; Collusion; Trust; Leniency programmes;

Other versions of this item:

Find related papers by JEL classification:
G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Albaek, Svend & Mollgaard, Peter & Overgaard, Per B, 1997. "Government-Assisted Oligopoly Coordination? A Concrete Case," Journal of Industrial Economics, Blackwell Publishing, vol. 45(4), pages 429-43, December. [Downloadable!] (restricted)
    Other versions:
  2. Polinsky, A Mitchell & Shavell, Steven, 1992. "Enforcement Costs and the Optimal Magnitude and Probability of Fines," Journal of Law & Economics, University of Chicago Press, vol. 35(1), pages 133-48, April.
    Other versions:
  3. Møllgaard, H. Peter & Overgaard, Per Baltzer, 2001. "Market Transparency And Competition Policy," Working Papers 06-2001, Copenhagen Business School, Department of Economics. [Downloadable!]
    Other versions:
  4. Kai-Uwe Kühn, 2001. "Fighting collusion by regulating communication between firms," Economic Policy, CEPR, CES, MSH, vol. 16(32), pages 167-204, 04. [Downloadable!] (restricted)
  5. H. Peter Møllgaard & Per Baltzer Overgaard, 1999. "Market Transparency: A Mixed Blessing?," CIE Discussion Papers 1999-15, University of Copenhagen. Department of Economics. Centre for Industrial Economics, revised Feb 2000. [Downloadable!]
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