Endogenous Collusion and Rivalry: Theoretical Models and Conjectures

Partha Gangopadhyay

Chapter 2 in Economics of Rivalry, Conflict and Cooperation, 2010, pp 15-86 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Competition and Collusion in a Segmented Industry: IntroductionBaseline ModelThe model of a segmented banking industry in AustraliaEndogenous alliance formation/mergerMimicking as a Low-Cost Entrant: An Extension of the ModelDiscussionMeasuring Endogenous Collusion: The Traditional ApproachTraditional measures of competition in the Australian banking sectorDegree of competition: Background of the conjectural variations approachDegree of competition and conjectural variations modelThe dataCollusion in the Australian Banking IndustryEvidence of collusion in the Australian banking industry: A simple analysisAn extension: Chaotic discrimination as a colluding strategy in the banking industry“Chaotic discrimination” as an optimal colluding strategy: The basic modelDefinitions and preliminary resultsDiscussionIs the Collusion Feasible and Stable?Why are Secret Discounts Chaotic?Politics, Conjectural Variations, and Degree of RivalryBasicsThe modelStage II: Nature of competition in the product marketStage I: Electoral equilibriumElectoral equilibrium and nature of competitionComparative staticsComparative statics (under alternative assumption)Discussion and commentsConcluding CommentsAppendix AAppendix B

Keywords: Globalization, Scarcity of Resources, Game Theory; , Interactive Decision-Making, Equilibrium Behaviour, Nash Equilibria, Stability of Nash Equilibria, Rivalry, Costly Conflict, Cooperation, (search for similar items in EconPapers)
Date: 2010
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