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Pré-Publication, Document De Travail Année : 2019

Market collusion with joint harm and liability sharing

Andreea Cosnita-Langlais
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Florian Baumann
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Maxime Charreire

Résumé

When it is impossible to identify ex post the producer of a product causing harm or the damage caused is indivisible although caused by multiple injurers, courts must apportion the total damage among tortfeasors. In this model we examine how such liability sharing rules affect the likelhood of tacit collusion. For this we use a standard Cournot oligopoly model where firms are collectively held liable for joint harm inflicted on third parties. The damage caused may be either linear or cumulative in total industry output. With repeated market interaction and grim strategies, we investigate the sustainability of collusion to derive some policy implications.
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Dates et versions

hal-04141887 , version 1 (26-06-2023)

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  • HAL Id : hal-04141887 , version 1

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Andreea Cosnita-Langlais, Florian Baumann, Maxime Charreire. Market collusion with joint harm and liability sharing. 2019. ⟨hal-04141887⟩
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