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Persistent link: https://www.econbiz.de/10005312875
The analysis of collusion in infinitely repeated duopoly games has generally assumed that marginal cost is constant, but this note uses quadratic costs (linear marginal costs) to compare the sustainability of collusion under Bertrand and Cournot duopoly with differentiated products. It is shown...
Persistent link: https://www.econbiz.de/10005168282