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When facing repeated interactions, firms in an oligopoly can engage in tacit collusion, using the threat of a price war in future periods to sustain higher prices and industry profits in the current period. This paper explores how strategic voluntary disclosures can play an important role as...
Persistent link: https://www.econbiz.de/10009441212
At the fundamental level, the key challenge to a theory of income measurement is to resolve the problem caused by soft … economic theory of choice. We first design a meaningful income measure for an entity with incomplete preferences. When there is …
Persistent link: https://www.econbiz.de/10009441214