Market Transparency and Collusion: On the UK Agricultural Tractor Registration Exchange |
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Authors: | Nikolaos Georgantzís Gerardo Sabater-Grande |
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Affiliation: | (1) University Jaume I, Campus Riu Sec, Castellón, 12071, Spain |
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Abstract: | We review the decision by the European Commission in the case of the UK Agricultural Registration Exchange. We propose a theoretical model, offering a basis for some of the intuitive arguments used by the Commission on the anti-competitive role of information exchange in the case of price and non price collusion. Market transparency on non price data is shown to be a collusion facilitating device which may achieve stability in otherwise unstable cartels. |
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Keywords: | anticompetitive practices promotional effort market transparency price collusion |
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