Information Exchange, Market Transparency and Dynamic Oligopoly

Per Baltzer Overgaard, H. Peter Møllgaard

Research output: Working paperResearch

4 Downloads (Pure)

Abstract

In the economics literature, various views on the likely (efficiency) effects of information exchange, communication between firms and market transparency present themselves. Often these views on information flows are highly conflicting. On the one hand, it is argued that increased information dissemination improves firm planning to the benefit of society (including customers) and/or allows potential customers to make the right decisions given their preferences. On the other hand, the literature also suggests that increased information dissemination can have significant coordinating or collusive potential to the benefit of firms but at the expense of society at large (mainly, potential customers). In this chapter, we try to make sense of these views, with the aim of presenting some simple lessons for antitrust practice. In addition, the chapter presents some cases, from both sides of the Atlantic, where informational issues have played a significant role.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherCopenhagen Business School, CBS
Number of pages26
Publication statusPublished - Nov 2005
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number13-2005

Cite this

Overgaard, P. B., & Møllgaard, H. P. (2005). Information Exchange, Market Transparency and Dynamic Oligopoly. Frederiksberg: Copenhagen Business School, CBS. Working Paper / Department of Economics. Copenhagen Business School, No. 13-2005
Overgaard, Per Baltzer ; Møllgaard, H. Peter. / Information Exchange, Market Transparency and Dynamic Oligopoly. Frederiksberg : Copenhagen Business School, CBS, 2005. (Working Paper / Department of Economics. Copenhagen Business School; No. 13-2005).
@techreport{67c961708eb411dba124000ea68e967b,
title = "Information Exchange, Market Transparency and Dynamic Oligopoly",
abstract = "In the economics literature, various views on the likely (efficiency) effects of information exchange, communication between firms and market transparency present themselves. Often these views on information flows are highly conflicting. On the one hand, it is argued that increased information dissemination improves firm planning to the benefit of society (including customers) and/or allows potential customers to make the right decisions given their preferences. On the other hand, the literature also suggests that increased information dissemination can have significant coordinating or collusive potential to the benefit of firms but at the expense of society at large (mainly, potential customers). In this chapter, we try to make sense of these views, with the aim of presenting some simple lessons for antitrust practice. In addition, the chapter presents some cases, from both sides of the Atlantic, where informational issues have played a significant role.",
keywords = "Oligopolistisk marked, Markedsgennemsigtighed",
author = "Overgaard, {Per Baltzer} and M{\o}llgaard, {H. Peter}",
year = "2005",
month = "11",
language = "English",
series = "Working Paper / Department of Economics. Copenhagen Business School",
publisher = "Copenhagen Business School, CBS",
number = "13-2005",
address = "Denmark",
type = "WorkingPaper",
institution = "Copenhagen Business School, CBS",

}

Overgaard, PB & Møllgaard, HP 2005 'Information Exchange, Market Transparency and Dynamic Oligopoly' Copenhagen Business School, CBS, Frederiksberg.

Information Exchange, Market Transparency and Dynamic Oligopoly. / Overgaard, Per Baltzer; Møllgaard, H. Peter.

Frederiksberg : Copenhagen Business School, CBS, 2005.

Research output: Working paperResearch

TY - UNPB

T1 - Information Exchange, Market Transparency and Dynamic Oligopoly

AU - Overgaard, Per Baltzer

AU - Møllgaard, H. Peter

PY - 2005/11

Y1 - 2005/11

N2 - In the economics literature, various views on the likely (efficiency) effects of information exchange, communication between firms and market transparency present themselves. Often these views on information flows are highly conflicting. On the one hand, it is argued that increased information dissemination improves firm planning to the benefit of society (including customers) and/or allows potential customers to make the right decisions given their preferences. On the other hand, the literature also suggests that increased information dissemination can have significant coordinating or collusive potential to the benefit of firms but at the expense of society at large (mainly, potential customers). In this chapter, we try to make sense of these views, with the aim of presenting some simple lessons for antitrust practice. In addition, the chapter presents some cases, from both sides of the Atlantic, where informational issues have played a significant role.

AB - In the economics literature, various views on the likely (efficiency) effects of information exchange, communication between firms and market transparency present themselves. Often these views on information flows are highly conflicting. On the one hand, it is argued that increased information dissemination improves firm planning to the benefit of society (including customers) and/or allows potential customers to make the right decisions given their preferences. On the other hand, the literature also suggests that increased information dissemination can have significant coordinating or collusive potential to the benefit of firms but at the expense of society at large (mainly, potential customers). In this chapter, we try to make sense of these views, with the aim of presenting some simple lessons for antitrust practice. In addition, the chapter presents some cases, from both sides of the Atlantic, where informational issues have played a significant role.

KW - Oligopolistisk marked

KW - Markedsgennemsigtighed

M3 - Working paper

T3 - Working Paper / Department of Economics. Copenhagen Business School

BT - Information Exchange, Market Transparency and Dynamic Oligopoly

PB - Copenhagen Business School, CBS

CY - Frederiksberg

ER -

Overgaard PB, Møllgaard HP. Information Exchange, Market Transparency and Dynamic Oligopoly. Frederiksberg: Copenhagen Business School, CBS. 2005 Nov.