termination threats make collusion supportable at any discount factor, independent of contracts’ duration. When managers have …

Flexibility - the ability to react swiftly to others' choices - facilitates collusion by reducing gains from defection … before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment … collusion. To test this subtle prediction we implement in the laboratory an indefinitely repeated Cournot game with noisy price …

collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

The impact of demand growth on the collusion possibilities is investigated in a Cournot supergame where market growth …' available. It is shown that even in situations where perfect collusion can be sustained after entry, coping with a potential …

We develop and illustrate a methodology for obtaining robust comparative statics results for collusion models in … impact of parameter changes on the incentives to deviate from collusion and the punishment profits are often of different … new results in the comparative statics of collusion. …