CCP News & Events
Throughout the year CCP runs a variety of events which includes our regular weekly Seminar Series and our Annual Conference, held every summer.
More information on these and other events can be found by following the links below. Subscribe to our mailing list to kept up-to-date with all Centre events.
CCP SEMINAR | 24 Nov, TPSC 0.1
The next CCP seminar will be on Friday 24 November with Luke Garrod (School of Business and Economics, Loughborough University) presenting on "Market Transparency and Collusion under Imperfect Monitoring"
ABSTRACT: Policymakers can enhance competition by helping consumers play an active role in the market. Such interventions may involve making information more readily available to consumers and thereby increase ‘consumer-side transparency’. However, this can also increase ‘producer-side transparency’ such that it unintentionally facilitates collusion by improving firms’ ability to monitor each other. In this paper, we develop a general model of a simple imperfect monitoring setting to analyse how such interventions affect collusion when price wars occur on the equilibrium path. We show that, despite minimal structure on the competition game and despite the usual ambiguous effect on the critical discount factor, increased consumer-side transparency strictly lowers the best collusive profits. In contrast, increased producer-side transparency lowers the critical discount factor and raises the best collusive profits. Finally, allowing interventions to affect both sides of the market, we find the conditions under which the pro-competitive consumer-side effects dominate.
The seminar will take place between 1pm-2pm in Thomas Paine Study Centre (TPSC), Room 0.1.
Tea will be served directly after the seminar in the MBA Café area on Floor 2.
NEXT WEEK: Friday 1 December | Sabine Jacques (CCP & LAW) - "An empirical study on the use of automated anti-piracy systems and the consequences for cultural diversity”
For the full seminar series programme please visit our website: http://competitionpolicy.ac.uk/events/ccp-seminar-series