Harrington, Joseph Emmett (contributor) - 2005
, explicit collusion is conceived as a discrete event;
firms are or are not explicitly colluding. Of course, the impact of … change even if the event does not trigger collusion. Exit or merger (particularly
of a maverick firm) could allow a cartel to … properly address that
question, one must deal with the endogeneity of the event towards understanding
the factors behind it …