punishment. Collusion is thus more difficult, the closer firms cooperate in manufacturing. Moreover, given competition or … collusion in the market, joint production yields the highest profit and welfare. …

This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability …

This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability …

sustain collusion the lower the search cost. In other words increased transparency may facilitate collusion even if the …

This paper examines the feasibility of collusion in capacity constrained duopoly supergames. In each period firms … yielding (constrained) Pareto optimal payoffs. That is, price shading may not only be consistent with successful collusion, it … may be a requirement of successful collusion. …

collusion game. Consistent with the theories of collusion and cheap talk, an initial burst of collusion rapidly collapses if …-game communication is allowed, a similar initial decline in collusion reverses over time. Content analysis is used to identify multiple … channels by which communication improves collusion in this setting. Explicit threats to punish cheating are the most important …

collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …