Bos, Iwan; Marini, Marco - 2020
This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel … market shares and welfare. Partial cartels operating in a sufficiently large segment lose market share and the industry …