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equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition … where the cartel always is stable independent of the differentiation degree. …
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This paper analyzes entry deterrence strategies at sequential multi-unit Englishtype repeated auctions, motivated by entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean Sea Bass industrial fishery. It analyzes parametric...
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