Correia-da-Silva, João; Pinho, Joana; Vasconcelos, Hélder - Faculdade de Economia, Universidade do Porto - 2014
(although deterministic) is not restricted to occur at a constant rate and may trigger future entry. It is shown that, typically …, entry occurs later along the collusive path than along the punishment path (since profits are lower in the latter case). The … possibility of delaying entry, therefore, constitutes an additional incentive for deviating just before entry is supposed to occur …