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 …

substitutability and is greater than partial output and full collusion. Overall we find that output collusion alone is easier to …

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

We augment the multi-market collusion model of Bernheim and Whinston (1990) by allowing for firm entry into, and exit … agreement: Collusion at the extensive margin whereby firms collude by avoiding entry into each other's markets or territories …. We characterise parameter values that sustain this type of collusion and identify the assumptions where this collusion is …

The impact of demand growth on the collusion possibilities is investigated in a Cournot supergame where market growth …' available. It is shown that even in situations where perfect collusion can be sustained after entry, coping with a potential …

highlight the deficiencies in the current formal theory of collusion. The Sugar Institute did not fix prices or output. Prices …

between different markets. This paper shows that collusion in such industries leads firms to shift output from high …