This paper examines the impact of competition on wages and productivity using a panel data set of UK manufacturing industries over 1954-1973. The introduction of cartel law in the UK in the late 1950s caused an intensification of price competition in previously cartelized manufacturing industries, but it did not affect...
This paper argues that it is the collusion between the local government and the firm that leads to both high rates of economic growth and accidents in China. The optimal collusion-proof contract is investigated in this paper. In the optimal contract, the local government and the firm get information rents,...
This paper investigates the impact of vertical mergers on upstream firm’s ability to sustain collusion. It shows in a number of models that the net effect of vertical integration is to facilitate collusion. Several effects arise. When upstream offers are secret, vertical mergers facilitate collusion through the operation of an...
Collusion among bidders in auctions is a serious concern for those interested in designing allocation procedures to allocate public assets whether the goal of the process is efficiency or revenue maximization. In either case, bidders acting collusively can seriously impair an auctioneer's ability to accomplish their goal. There have been...
The paper tests whether a non-binding price ceiling may serve as a focal point for tacit collusion. The sample contains data from the credit card market during the 1980s; in the sample, most credit card issuers face a state-level interest rate ceiling, and well over half match their ceiling. The...
South Korea -- The Fair Trade Commission of South Korea has launched a preliminary investigation into possible price collusion among gasoline stations, the Asia Pulse reported in November. South Korea -- The Fair Trade Commission of South Korea has launched a preliminary investigation into...
I was amazed to think that an organization like Grain Communications was willing to us a word like "collusion" in its description of Advent [Software Inc.] and [Charles] Schwab [& Co. Inc.] ["Schwab, Advent secret deal smacks of I was amazed to think...
IT HAS not been a vintage year for market-makers on NASDAQ, an electronic market that is now America's second-biggest stockmarket. Since May, when the press trumpeted an academic study alleging collusion, dealers have been hit with lawsuits by disgruntIT HAS not been a vintage year for market-makers...
ABIX via COMTEX) -- The competition watchdog is barking fiercely at big business in Australia. Professor Allan Fels, of the Australian Competition and Consumer Commission ACCC, has called for far tougher penalties for collusion and price fixing. La ABIX via COMTEX) -- The competition watchdog is...
Taubman's defense: Documents will help us Documents that suggest more executives than previously thought knew about collusion between Christie's International plc and Sotheby's Holdings Inc. strengthen, rather than weaken, the defense of Alfred Ta Taubman's defense: Documents will help us ...
BA four face possible price-fixing charges *Charges relating to an alleged price-fixing scandal involving British Airways and Virgin Atlantic could be filed as early as next month, it has emerged. Four BA executives - Andrew Crawley and Alan Burnett, as well as Iain Burns and Martin George,...
Despite Congress' periodic hauling of weak-kneed oil executives before their committees to charge them with collusion and price- gouging, subsequent federal investigations turn up no evidence to support the charges. Right now oil company executives are getting a bit of a respite as Congress has turned...
Leading professional associations: "Saying you 'don't want fraud' is not enough!" ALTAMONTE SPRINGS, Fla., July 8 /PRNewswire/ -- New guidelines for fighting fraud have been released jointly by three leading professional organizations. "Managing the Business Risk of Fraud: A Practical Guide" is...
SINGAPORE AFP — Last month's agreement by Cathay Pacific and three other airlines to plead guilty and pay more than half a billion dollars in criminal fines has shed light on industry price-fixing, analysts say. They say an industry culture that accepted the practice has allowed...
Richard Williams took his leave of the 122nd All England Championships yesterday, flying home to Florida. Curious timing, given that his daughters will be contesting their third Wimbledon singles final here today - not to mention seeking their third doubles title later in the afternoon. It...
Richard Williams took his leave of the 122nd All England Championships yesterday, flying home to Florida. Curious timing, given that his daughters will be contesting their third Wimbledon singles final here today - not to mention seeking their third doubles title later in the afternoon. It...
Detectives investigating one of Northern Ireland's most infamous multiple murders are questioning a 45-year-old man arrested in Kent. He is being held in connection with an attack on a quiet Catholic pub in County Down in June 1994 in which six men were...
TOKYO, June 26 Kyodo Selected editorial excerpts from the Japanese press: DIVIDED DIET ON BREAK (The Japan Times, an English-language daily) The ordinary Diet session ended last week, but an extraordinary session will begin in late August with the...
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