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:	2003-01-23
Authors:	Hinloopen, Jeroen
Institutions:	Tinbergen Instituut
Subject:	Cartel stability \| trigger strategy \| subjective beliefs

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Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 03-008/2
Classification:	L12 - Monopoly; Monopolization Strategies ; L41 - Monopolization; Horizontal Anticompetitive Practices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011249545