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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
There is no abstract for this brief contribution.
Cartel Enforcement With Uncertainty About Costs, Peter Cramton, Thomas R. Palfrey
Cartel Enforcement With Uncertainty About Costs, Peter Cramton, Thomas R. Palfrey
Peter Cramton
What cartel agreements are possible when firms have private information about production costs? For private cost uncertainty we characterize the set of cartel agreements that can be supported, recognizing incentive and participation constraints. If defection results in either Cournot or Bertrand competition, the incentive problem in large cartels is severe enough to prevent the cartel from achieving the monopoly outcome. However, if the cartel agreement requires less than unanimous ratification by the member firms, then the incentive problem can be overcome in large cartels. With common cost uncertainty, perfect collusion is possible in large cartels, regardless of the ratification rule.
A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton
A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton
PHILIP E GRAVES
There was no abstract for this brief note.
Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho
Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho
Ferran Sancho
A methodology to study income position shifts in response to public policies is introduced and applied to Spanish data.