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Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding...
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the exercises analyzing data, the authors have kept the econometrics simple both in the estimation package employed and in …
Persistent link: https://www.econbiz.de/10005756487