1. Industrial Organization Society’s Best Paper/Younger Scholar Award.
- Subjects
AWARDS ,ASSOCIATIONS, institutions, etc. ,INDUSTRIAL organization (Economic theory) ,CARTELS ,ECONOMIC competition ,MONOPOLIES - Abstract
The article reports that the Industrial Organization Society's Best Paper/Younger Scholar Award has been conferred on Helder Vasconcelos for his paper, "Entry Effects on Cartel Stability and Joint Executive Committee," which appeared in the May 2004 issue of the journal "Review of Industrial Organization." The paper extends the well known Green and Porter cartel model to consider entry, allowing the incumbent firms to either punish or accommodate entry when it occurs. The econometric results support the model's prediction that the probability of a price war increases with an increase in the number of firms in the cartel.
- Published
- 2005
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