Title of article
Some implications of antitrust laws for cartel pricing
Author/Authors
Joseph E. Harrington Jr.، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
7
From page
377
To page
383
Abstract
Price dynamics are characterized for a price-fixing cartel. Antitrust laws reduce cartel prices even though cartel detection occurs with probability zero. In response to cheating, the non-collusive price gradually moves from the collusive price to the static Nash equilibrium price.
Keywords
Collusion , Cartel detection , Antitrust
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435191
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