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Tacit Collusion. The Neglected Experimental Evidence

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  • Christoph Engel

    ()
    (Max Planck Institute for Research on Collective Goods, Bonn)

Abstract

Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure has changed such that "tacit collusion" becomes disturbingly more likely. It seems that antitrust neglects the fact that, for more than 50 years, economists have been doing experiments on this very question. Almost any conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta-study, and relates experimental findings as closely as possible to antitrust doctrine.

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File URL: http://www.coll.mpg.de/pdf_dat/2007_14online.pdf
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Bibliographic Info

Paper provided by Max Planck Institute for Research on Collective Goods in its series Working Paper Series of the Max Planck Institute for Research on Collective Goods with number 2007_14.

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Length: 21 pages
Date of creation: Sep 2007
Date of revision:
Handle: RePEc:mpg:wpaper:2007_14

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Related research

Keywords: Oligopoly; Coordinated Effects; Tacit Collusion; Merger Guidelines; Airtours; Experimental Markets;

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  1. David M. Kreps & Jose A. Scheinkman, 1983. "Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes," Bell Journal of Economics, The RAND Corporation, The RAND Corporation, vol. 14(2), pages 326-337, Autumn.
  2. 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.
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