Hinloopen, Jeroen; Soetevent, Adriaan - Tinbergen Institute - 2008
price discussions is the only way for subjects to avoid the one-shot competitive equilibrium. Subjects in the experiment of … in the difficulty of the coordination problem they have to solve. The experimental results show that if the efforts of …, subjects manage to switch to a more intricate form of coordination. This shift from overt collusion to tacit collusion …