News and Events

TILEC Club IO: Cédric Argenton

New economic theories of cartelization
10:45-11:45, T 50A

The standard theory of collusion explains why cartels form and how they operate through the play of intertemporal incentives. However, that theory does not always match the reports about real-world cartel cases. In particular, collusion on the profit-maximizing price and price wars seem much less common than predicted. In this talk, I will go over some recent theoretical papers in economics which (try to) bring the theory of collusion closer to reality.

When: 25 April 2018 10:45

End date: 25 April 2018 11:45

Where: Tias building