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May 19, 2008 · Collusion can profitably be classified into three distinct types. In our classification, "Type I" collusion is the familiar direct agreement among colluding firms (a cartel) to raise prices or,...
Identify the incentives for a firm to collude. Understand how cartels and other forms of collusion can be sustained. Understand how authorities can fight against collusion. Case. The vitamin cartels. Buyer side is more fragmented.
Sep 13, 2022 · Our findings show that business strategies have a positive impact on competitive advantage. Better business strategies improve the competitive advantage of SMEs. Further, business...
By delving into the concepts of perfect competition, monopolistic competition, oligopoly, and monopoly, we will examine how each structure affects market behaviour, pricing strategies, and consumer welfare. In a perfectly competitive market, there are numerous buyers and sellers, none of whom have the power to influence market prices individually.
We study the duopoly exit equilibrium in a multimarket environment with de- clining demand, and investigate the roles of strategic merger, agency cost, and collusion in a multimarket exit game. Cross-market spillovers with endogenous duration and the strategic merger of outside firms can serve as sources of com-
The latter is shown to interact with the number of firms and to affect the profitability of cooperation vs. competition, which delivers the result, challenging conventional wisdom, that lower market concentration can make collusion more stable.
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Concepts: repeated games, grim strategies, collusion, price wars Economic principle: repetition helps enforcing otherwise unenforceable agreements; greater punishment, greater rewards
