G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15241
DP15241 Let’s Collude
Hamid Aghadadashli
发表日期2020-09-01
出版年2020
语种英语
摘要Managers have imperfect information about each other’s willingness to collude and may signal this willingness through direct communication or market actions. Owners offer bonuses to managers and trade off productive effort provision, higher profits if managers coordinate on high prices, and the risk of antitrust fines if managers explicitly communicate. Our model shows that the distribution of fines between the owners and the managers is crucial for com- munication to be informative. High or low bonuses can reflect the willingness of owners to induce managers to explicitly communicate, and are red flags for corporate responsibility when collusion is supported by direct communication.
主题Industrial Organization
关键词Collusion Communication Imperfect information Managerial firms Oligopoly Antitrust fines Incentive schemes
URLhttps://cepr.org/publications/dp15241
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544216
推荐引用方式
GB/T 7714
Hamid Aghadadashli. DP15241 Let’s Collude. 2020.
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