Explicit vs tacit collusion: The effects of firm numbers and asymmetries

In an infinitely repeated game where firms with (possibly asymmetric) capacity constraints can make secret price cuts, we analyse the incentives for explicit collusion when firms can alternatively collude tacitly. Tacit collusion can involve price wars on the equilibrium path. Explicit collusion inv...

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Bibliographic Details
Main Authors: Luke Garrod, Matthew Olczak
Format: Default Article
Published: 2017
Subjects:
Other economics not elsewhere classified
Cartels
Tacit collusion
Imperfect monitoring
Capacity constraints
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/27366
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