Article 101

screencasts

  • In the following video, we introduce article 101 and explain the difference between horizontal and vertical relations between firms:

part 1

  • Then we introduce a model of collusion and derive conditions under which collusion is incentive compatible for firms:

part 2

  • We discuss factors that help firms to collude:

part 3

  • We continue with what the government can do to prevent collusion:

part 4

  • Wwe shortly consider other horizontal agreements, and take a first look at vertical restraints:

part 5

  • The last video on article 101 discusses the position taken by the European Commission and concludes:

part 6

exercises

From the exercises of this lecture, we discuss question 2 in class.

python

In the python files for this lecture, we consider collusion with Cournot competition and collusion with Betrand competition: