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Communication and Market Sharing: An Experiment on the Exchange of Soft and Hard Information
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 4636231
Author(s) Freitag, Andreas; Roux, Catherine; Thöni, Christian
Author(s) at UniBasel Roux, Catherine
Freitag, Andreas
Year 2021
Title Communication and Market Sharing: An Experiment on the Exchange of Soft and Hard Information
Journal International Economic Review
Volume 62
Number 1
Pages / Article-Number 175-198
Abstract We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with multiple markets, we vary the information that firms can exchange: hard information—verifiable information about past conduct—and soft information—unbinding information about future conduct. We find that the effect of communication on the firms' ability to collude depends on the type of information available: Whereas market prices increase only slightly with hard information, the price raise due to soft information is substantial. Our results point to the types and contents of communication that should be of particular concern to antitrust authorities.
Publisher Wiley, University of Pennsylvania/Osaka University
ISSN/ISBN 0020-6598 ; 1468-2354
edoc-URL https://edoc.unibas.ch/86146/
Full Text on edoc No
Digital Object Identifier DOI 10.1111/iere.12480
ISI-Number WOS:000572963100001
Document type (ISI) Article
 
   

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