Multimarket collusion and its welfare implications

Autor: Jagielnicka, Katarzyna
Přispěvatelé: UCL - Faculté des sciences économiques, sociales, politiques et de communication, Davila Muro, Julio
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Popis: In light of the increasing amount of interconnections and interdependencies between countries and firms the nature of markets and their interactions has undoubtedly changed a lot during the past decades. Thus, the problem of efficient and fair competition is of intensified significance for today’s economies. In my thesis I am mainly focused on one of the forms of the anti-competitive behavior, namely a multimarket collusion. Identifying its causes, sustainability conditions and implications seems to be of significant relevance, especially given its potentially detrimental character for the society and importance for policy-making. The main tools used are at the intersection of theoretical foundations of anti-competitive behavior analysis in industrial organization, trade and game theory literatures. The most striking result of my analysis is that with the existence of trade costs multimarket collusion could be more detrimental to the “home” market relative to the “foreign” one, as trade costs can partially offset its negative impact on the consumers. I conclude that it is of crucial importance to identify and understand the conditions that give rise to anti-competitive behavior and how it affects different markets. Master [60] en sciences économiques, orientation générale, Université catholique de Louvain, 2017
Databáze: OpenAIRE