This paper develops a super game model of collusion between price-setting oligopolists located in different markets separated by trade costs. The firms produce a homogenous good and sustain collusion based on territorial allocation of markets. We first show, in a more general framework than some...

Book Review of Jagdish Bhagwati, Arvind Panagariya and T. N. Srinivasan, Lectures on International Trade, Oxford University Press, New Delhi, 2003, pp.xii+602, Rs.750, ISBN 019566442-6