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Conspiracies and Secret Discounts in Laboratory Markets
1998
Economic Journal
This paper uses laboratory methods to evaluate whether price-fixing conspiracies break down in the presence of opportunities to offer secret discounts. The primary treatment difference is whether or not buyer-specific discounts from the posted list price are permitted. In standard posted-offer markets, conspiring sellers are able to find and maintain near-monopoly prices. But when the possibility of offering secret discounts is introduced, sellers are unable to sustain collusive agreements, and
doi:10.1111/1468-0297.00312
fatcat:eltbpzrgtfgw3dbo45nn5ng6o4