Harrington, Joseph Emmett (contributor) - 2002 - [Elektronische Ressource]
have been replaced with tacit
collusion. Another possibility is that competition was abnormally intense prior to the …, both P
∗
and
b
P decline with n for the usual reason of increased competition. However, there
are two additional forces …
the possibility that firms cartelized in response to an abnormally intense bout of
competition. Using pre-cartel price …