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PRICE FIXING AGREEMENTS AND THE EXIS...
~
SJOSTROM, WILLIAM BENNO.
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PRICE FIXING AGREEMENTS AND THE EXISTENCE OF EQUILIBRIUM: THE CASE OF LINEAR FREIGHT CONFERENCES (CARTELS).
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
PRICE FIXING AGREEMENTS AND THE EXISTENCE OF EQUILIBRIUM: THE CASE OF LINEAR FREIGHT CONFERENCES (CARTELS)./
作者:
SJOSTROM, WILLIAM BENNO.
面頁冊數:
173 p.
附註:
Source: Dissertation Abstracts International, Volume: 47-12, Section: A, page: 4477.
Contained By:
Dissertation Abstracts International47-12A.
標題:
Economic theory. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=8706667
PRICE FIXING AGREEMENTS AND THE EXISTENCE OF EQUILIBRIUM: THE CASE OF LINEAR FREIGHT CONFERENCES (CARTELS).
SJOSTROM, WILLIAM BENNO.
PRICE FIXING AGREEMENTS AND THE EXISTENCE OF EQUILIBRIUM: THE CASE OF LINEAR FREIGHT CONFERENCES (CARTELS).
- 173 p.
Source: Dissertation Abstracts International, Volume: 47-12, Section: A, page: 4477.
Thesis (Ph.D.)--University of Washington, 1986.
This item must not be sold to any third party vendors.
Work in the theory of the core by Telser and other has shown that there may be no competitive equilibrium with conventional U-shaped average cost curves. The dissertation makes three contributions to this literature.Subjects--Topical Terms:
1556984
Economic theory.
PRICE FIXING AGREEMENTS AND THE EXISTENCE OF EQUILIBRIUM: THE CASE OF LINEAR FREIGHT CONFERENCES (CARTELS).
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173 p.
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Source: Dissertation Abstracts International, Volume: 47-12, Section: A, page: 4477.
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Thesis (Ph.D.)--University of Washington, 1986.
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This item must not be sold to any third party vendors.
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Work in the theory of the core by Telser and other has shown that there may be no competitive equilibrium with conventional U-shaped average cost curves. The dissertation makes three contributions to this literature.
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First, Telser's results, which constitute a model of no competitive equilibrium, are put in the framework of a graphical model of supply and demand, which has the advantage of making the results more accessible to economists working outside of game theory.
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Second, by interpreting cartels, which fix price and output, as arrangements to impose an equilibrium where none exists rather than as a means to earn monopoly rents, several testable implications are derived. These implications are about the circumstances under which agreements to fix prices and allocate output will arise. They are then compared with the implications derived from a conventional model of cartels as monopolising devices.
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Third, the model is applied to the ocean liner shipping industry, in particular to the arrangements to fix prices and allocate output that are used in the industry, called liner conferences. Conferences have long posed a puzzle to economists. They fix price and output and exclude entry, but apparently often with the willing consent of their customers. The implications derived from the model are tested against the implications derived from a cartel model, to see which better explains the use of conferences. The paucity of public data on conferences precludes extensive testing.
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Two kinds of tests are performed. The first is a review of the historical literature on the origins of the conference system. The weight of the evidence tentatively favors the cartel model, although some important implications cannot be tested with the historical data. The second is a test of several implications, comparing a number of conferences operating off of the west coast of the United States. This test weakly supports the model of no competitive equilibrium. Clearing up these contradictory results will require better data and further work.
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http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=8706667
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