Dutta, Prajit K. (contributor); … - 2002 - [Elektronische Ressource], This revision February 15, 2005
’s profitwereittoremainatthecollusivepricep
∗
. Bycontinuityof
the value distribution, inequality (9) holds if and only if
max
p∈[0,p
∗
]
Π(p) ≤
Π(p
∗
)
n(1−δ … the population share α). By continuity
of the left-hand side of (16) with respect to p, that inequality holds for all p … the equilibrium condition (17) is identical to that in the
standard repeated-games case (inequality (10)). Moreover, if α …