are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …

This paper investigates the effect of capacity constraints on the sustainability of collusion in markets subject to …

tacit collusion. …

Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature … relationship. Moreover, after introducing collusion possibility, non-commitment of the government increases the stakes, or bribes …, taking into account the fact that the bank is collusive, the government who aims to prevent collusion will switch to the …

In this paper we address the question of collusion in mechanisms under asymmetric information. We develop a methodology … to analyze collusion as an informed principal problem. First, if collusion occurs after the agents accept or reject the … principal's offer; the dominant-strategy implementation of the optimal contract without collusion is collusion proof. Second, we …

We examine theoretically and experimentally two countervailing effects of collusion and symmetric mergers among bidders … demonstrate that, in average value auctions, this leads to more aggressive bidding. On the other hand, since collusion decreases …