are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …

This paper investigates the effect of capacity constraints on the sustainability of collusion in markets subject to …

tacit collusion. …

Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature … relationship. Moreover, after introducing collusion possibility, non-commitment of the government increases the stakes, or bribes …, taking into account the fact that the bank is collusive, the government who aims to prevent collusion will switch to the …