Pot, Erik; Peeters, Ronald; Peters, Hans; Vermeulen, Dries - Maastricht : METEOR, Maastricht Research School of … - 2008
We analyze whether noncooperative collusive equilibria are harder to sustain when individual demand levels are not fixed but are able to fluctuate. To do this, we extend a Bertrand type model of price competition to allow for fluctuating market shares when prices are equal. We find that, the...