Corvinus Game Theory Seminar

CIAS invites you to the next talk of the Corvinus Game Theory Seminar.

Mar. 23 (12-13) room C.714 

Helmuts Azacis (Cardiff University and CIAS) 

Fighting Collusion: An Implementation Theory Approach  

A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is repeatedly implementable if in equilibrium, the firms cannot collude on wrong prices and quantities in any period. We identify necessary and sufficient conditions for repeated implementation. We use these conditions to study when the competitive output is implementable. We extend the analysis to the cases when a buyer also knows the private information of firms and when the firms can supply hard evidence. 

The talk is based on joint work with Péter Vida. 

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