Iwan, Bos; Wilko, Letterie; Dries, Vermeulen - In: The B.E. Journal of Economic Analysis & Policy 15 (2015) 2, pp. 797-814
This paper examines collusion among firms whose discount factors are private information. Mutual uncertainty regarding intentions to restrict competition might undermine the possibility of tacit collusion. Firms that want to collude may, however, reveal their intentions by consciously acting in...