Sir Henry Phelps Brown, 1906 ± 1994  

Oleh:

Davis, Douglas D. ; Holt, Charles A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 448 (May 1998), page 757-778.
Fulltext: 757.pdf (200.82KB)

Isi artikel

This paper uses laboratory methods to evaluate whether price-®xing conspiracies break down in the presence of opportunities to offer secret discounts. The primary treatment difference is whether or not buyer-speci®c discounts from the posted list price are permitted. In standard posted-offer markets, conspiring sellers almost uniformly ®nd and maintain near-monopoly prices. But when the possibility of offering secret discounts is introduced, sellers ®nd sustaining collusive agreements much more dif®cult, and transactions prices tend to fall toward competitive levels. Secret discounts yield competitive outcomes less consistently, however, when sellers are provided ex post information about sales quantities.

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