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Project Hammer: reduce collusion in the Canadian grocery sector

jacobfilipp.com

251–252 of 252 posts

Re: Project Hammer: reduce collusion in the Canadian grocery sector

#251
post #81

Earlier quoted context omitted.

You know the collusion is bad when a government enterprise can be two times cheaper.

You seem to be implying that a public enterprise can't compete so well against private enterprise on price by definition. Why do you think this?

Not by definition but by the nature of the incentives.

They face a lot less monetary risks and people are harder to fire. Not to mention the additional bureaucracy and administrative weight due to the additional laws and regulations that apply to public services and how being a part of the state means facing more administrators and bureaucrats.

Re: Project Hammer: reduce collusion in the Canadian grocery sector

#252
post #102

Earlier quoted context omitted.

Hey man, I'm just creating the hammer - you can throw it in the lake, make a treehouse for your kid, smash a window, up to you :-D

Actually I’m going to add to your reading list: “ A Study of Cartel Stability: The Joint Executive Committee, 1880-1886” By Rob Porter (northwestern) That paper is a classic and I hope porter gets the Nobel prize for the work he has done. In that paper, we actually know for sure that there was collusion. Porter is trying to assess how hard it was to sustain collusion using the data. (One thing you are not crediting i…

huitzitziltzin, I really appreciate that you've replied with so much detail, named the field of study, and gave references to research for me to follow up. I am going to be reading up on these topics.
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