manipulation. The main result is that the impact – or "externality" – of manipulation on true performance is key; a positive …

This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … number of steps, maximal collusion is attained with simple price-quantity strategies exhibiting capacity withholding. …

The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot … collusive output levels or a 'downward' demand shock. The firms choose between tacit collusion and collusion with communication … the firms are sued for cartel behavior and pay a fine. Tacit collusion is assumed to provide no grounds for the legal …

factor potentially leading to collusion. We show that forbidding mergers leading to symmetric market structures can induce … mergers leading to asymmetric market structures with higher risk of collusion, when firms face indivisible costs of collusion …) firm benefits sufficiently more from collusion when industry asymmetries increase, collusion can become more likely when …