Collusion and Information Exchange

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2019-08-11 DOI:10.1111/jere.12241

Yu Awaya

引用次数: 0

Abstract

Antitrust authorities view that exchange of individual firms’ sales data is more anti-competitive than that of aggregate sales data. In this paper, I survey antitrust implications of such inter-firm information exchange. I argue that both types of information exchange are anti-competitive under some circumstances. More precisely, I compare profits when each type of information exchange is allowed to that when firms can only observe their own sales (Stigler’s secret price-cutting model), and the former is bigger than the latter. I also provide a general method to bound the equilibrium profits without such information exchange.

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串通与情报交换

反垄断当局认为，交换单个公司的销售数据比交换总体销售数据更不利于竞争。在本文中，我调查了这种企业间信息交换的反垄断含义。我认为在某些情况下，这两种类型的信息交换都是反竞争的。更准确地说，我将允许每种类型的信息交换时的利润与公司只能观察自己的销售(斯蒂格勒的秘密降价模型)时的利润进行了比较，前者比后者更大。我也提供了一个一般的方法来约束均衡利润没有这样的信息交换。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.