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Collusion over the business cycle

Bagwell, Kyle; Staiger, Robert W. - 1995

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Collusion over the business cycle

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Collusion over the Business Cycle

Bagwell, Kyle - 1995

We present a theory of collusive pricing in markets subject to business cycle fluctuations. In the business cycle model that we adopt, market demand alternates stochastically between fast-growth (boom) and slow-growth (recession) phases. We provide a complete characterization of the...

Persistent link: https://www.econbiz.de/10012473833