SIMBANEGAVI, WITNESS - In: Journal of Industrial Economics 57 (2009) 1, pp. 147-166
In a duopoly version of the <link rid="b14">Grossman and Shapiro [1984]</link> model of informative advertising, I examine firms' incentives to semicollude on advertising and the welfare implications thereof. I find that, relative to the noncooperative outcome, semicollusion on advertising is more profitable but is...