Cartel Stability with Subjective Detection Beliefs

The condition is derived for Friedman 's trigger strategy to sustaina collusive market equilibrium as a noncooperative Nash equilibriumgiven subjective beliefs as to the antitrust authority's ability of suc-cesfully dissolving the illegal cartel.

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Year of publication:	2003
Authors:	Hinloopen, Jeroen
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	Kartell \| Theorie \| Cartel stability \| trigger strategy \| subjective beliefs.

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Series:	Tinbergen Institute Discussion Paper ; 03-008/2
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	834948583 [GVK] hdl:10419/86086 [Handle] RePEc:dgr:uvatin:20030008 [RePEc]
Classification:	L12 - Monopoly; Monopolization Strategies ; L41 - Monopolization; Horizontal Anticompetitive Practices
Source:	EconStor

Persistent link: https://www.econbiz.de/10010325055