Elgar original reference
Edited by Ioannis Lianos and Damien Geradin
Chapter 6: Hub and Spoke Collusion
In order to achieve a coordinated response on the market it is necessary that competing undertakings are able to (a) identify a mutually beneficial strategy; (b) detect deviation from that strategy; and (c) apply pressure to prevent deviation from the mutually beneficial strategy. Information disclosure, by removing uncertainties, can make it easier for competing undertakings to achieve the first element of a coordinated market response – identifying a mutually beneficial strategy. Information disclosure may also enable competing undertakings to achieve the second element of a coordinated market response – detecting deviation from the mutually beneficial strategy.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.