Unreliability of markets – collusion of players. Detection methods in the light of the competition policy
DOI:
https://doi.org/10.12775/EiP.2009.010Keywords
competition policy, game theory, collusion of playersAbstract
This paper presents a review of a methodology of detection of overt or tacit collusion in the light of the modern competition policy based on the game theory. In this paper a consistent research procedure for identification and detection of collusion is proposed. It also systematizes the existing statistical and econometrical methods for the detection and assessment of collusion in industry according to such parameters as: result of a method, amount of statistical data necessary to apply a method, sensitivity to errors in an econometric model specification.
References
Abrantes-Metz, R., Froeb, L., Geweke, J., Taylor, C., 2006. A variance screen for collusion, International Journal of Industrial Organization 24, 467–486.
Ashenfelter, O., Sullivan, D., 1987, Nonparametric tests of market structure: An application to the cigarette industry, The Journal of Industrial Economics 4, 483 – 498.
Athey, S., Bagwell, K., Sanchirico, C., 2004, Collusion and price rigidity. Review of Economic Studies 71, 317–349.
Bejger, S., 2003, Dynamiczny model metody CPM na bazie supergry, Materiały VIII Ogólnopolskiego Seminarium Naukowego Dynamiczne Modele Ekonometryczne, Wydawnictwo UMK, Toruń 2003, str. 319 – 329.
Bejger, S., 2004, Identyfikacja, pomiar i ocena siły rynkowej podmiotów gospodarczych oraz stopnia konkurencyjności branż z wykorzystaniem metodologii teorii gier, dysertacja doktorska.
Bejger, S., Bruzda, J., 2002, Identification of market power by using a test for asymmetric pricing – an example of the Polish petrochemical industry, Dynamic Econometric Models Vol. 5, Toruń 2002
Benoit, J., Krishna, V., 1987, Dynamic duopoly: Prices and Quantities, Review of Economic Studies 54, 23-35
Bolotova, Y., Connor, J.M., Miller, D.J., 2008, The impact of collusion on price behavior: Empirical results from two recent cases, International Journal of Industrial Organization 26, 1290–1307.
Bresnahan, T., F., 1989, Empirical studies of industries with market power, w: Handbook of industrial organization, North-Holland, str. 1013-1056.
Connor, J., 2005,. Collusion and price dispersion. Applied Economics Letters 12, 335–338.
Connor, J., Helmers, G., 2006, Statistics on modern private international cartels, 1990-2005 Dept. of Agricultural Economics, Purdue University, Working Paper #06-11.
Cowling, K., Mueller, D., 1978, The social costs of monopoly power, Economic Journal 88, 724 – 748.
Friedman, J., W., 1971, A noncooperative equlibrium for supergames, Review of Economic Studies 38, 1 – 12.
Green, E., Porter, R., 1984, Non – cooperative collusion under imperfect price information, Econometrica 52, 87 – 100.
Hall, R., E., 1988, The relationship between price and marginal cost in U.S. industry, Journal of Political Economy 96, 921-947.
Haltiwanger, J., Harrington, J.E., 1991, The Impact of Cyclical Demand Movements on Collusive Behavior, RAND Journal of Economics, 22 (1991), 89-106.
Harrington, J., 2005, Detecting Cartels. Paper Prepared for a Conference and a Volume Entitled “Advances in the Economics of Competition Law.” Department of Economics, Johns Hopkins University, Baltimore, MD.
Jenny, F., Weber, A., 1983, Aggregate welfare loss due to monopoly power in the French economy: some tentative estimates, Journal of Industrial Economics 32, 113 – 130.
Knight, F., R., 1921, Risk, uncertainty and profit, University of Chicago Press, Chicago.
Neumann, M., 2001, Competition policy. History, theory and practice, Edward Elgar Pub. Ltd.
Osborne, J., M., Pitchik, C., 1987, Cartels, profits and excess capacity, International Economic Review 28, 413-428
Panzar, J., C., Rosse, J., N., 1987, Testing for monopoly equilibrium, The Journal of Industrial Economics 35, 443 – 456.
Phlips, L., 1995, Competition policy: a game theoretic perspective, Cambridge University Press, Cambridge.
Rotemberg, J., Saloner, G., 1986, A supergame theoretic model of business cycles and price wars during booms, American Economic Review 76, 390-407
Published
How to Cite
Issue
Section
Stats
Number of views and downloads: 0
Number of citations: 0
