List prices and collusion in industrial markets
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Date
2021
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Abstract
In several industrial markets secret discounts are the rule. Standard models suggest that
if suppliers in these markets want to collude, they must develop an allocation structure to
avoid discounts, but many antitrust cases are centered on their list price announcements.
We build a testable theory that (i) rationalizes the publication of list prices, (ii) shows
collusion through coordinated publication is possible, and (iii) informs the policy debate by
pointing to indicators antitrust authorities should be concerned with.
Description
Tesis (Magíster en Economía)--Pontificia Universidad Católica de Chile, 2021