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characteristics differ under private decision making and social one. It can be shown, however, that it is possible to choose …
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This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
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Durbin Model in a panel context, thus including fixed effects in order to eliminate any time influence on variables as well …
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