2012
DOI: 10.1111/j.1530-9134.2012.00352.x
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Collusive Networks in Market‐Sharing Agreements in the Presence of an Antitrust Authority

Abstract: This paper studies how the presence of an antitrust authority affects market-sharing agreements made by firms in oligopolistic markets. These agreements prevent firms from entering each other´s market. The set of market-sharing agreements defines a collusive network, which is under suspicion by antitrust authorities. This paper shows that, from the firm´s point of view, the probability of being caught is endogenous and depends on the agreements each firm has signed. Stable collusive networks can be decomposed … Show more

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Cited by 5 publications
(2 citation statements)
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“…In collusive bidding, social networks have the main interaction features between nodes in the network [50]. The interaction specifies active or passive contacts for the operation of collusive bidding.…”
Section: Social Network In Collusive Biddingmentioning
confidence: 99%
“…In collusive bidding, social networks have the main interaction features between nodes in the network [50]. The interaction specifies active or passive contacts for the operation of collusive bidding.…”
Section: Social Network In Collusive Biddingmentioning
confidence: 99%
“…We follow Jackson and Wolinsky (1996) and Jackson and van den Nouweland (2004) to characterize the stable and the strongly stable networks.Asides from these theoretical articles, there is also more and more literature that applies the theory of economic networks to models of oligopoly. In particular, the present article is closely related to Belle ‡amme and Bloch (2004) and Roldán (2010). Belle ‡amme and Bloch (2004) have analyzed the collusive network of market-sharing agreements among …rms, but they do not consider the existence of antitrust authorities.…”
mentioning
confidence: 99%