التفاصيل البيبلوغرافية
| العنوان: |
Market-induced rationalization and welfare enhancing cartels |
| المؤلفون: |
D. in 't Veld, J. Tuinstra |
| بيانات النشر: |
Universiteit van Amsterdam, Amsterdam |
| سنة النشر: |
2012 |
| المجموعة: |
Universiteit van Amsterdam: Digital Academic Repository (UvA DARE) |
| الوصف: |
We show that incomplete cartels in quantity-setting oligopolies may increase welfare, without any effi ciencies or synergies being internalized by cartel formation. The main intuition is that the cartel has an incentive to contract output and that the firms outside the cartel react to this by expanding output. If the outsiders are more efficient than the cartel firms average production costs go down. Even for relatively moderate differences in efficiency total welfare may increase due to this market-induced rationalization. |
| نوع الوثيقة: |
report |
| اللغة: |
English |
| Relation: |
http://hdl.handle.net/11245/1.373934 |
| الاتاحة: |
http://hdl.handle.net/11245/1.373934 |
| Rights: |
It is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s) and/or copyright holder(s), other than for strictly personal, individual use, unless the work is under an open content licence (like Creative Commons). |
| رقم الانضمام: |
edsbas.12745961 |
| قاعدة البيانات: |
BASE |