KAMIJO, YOSHIO; MUTO, SHIGEO - In: The Japanese Economic Review 61 (2010) 4, pp. 455-465
This paper analyzes the farsighted behaviour of firms that form a dominant price leadership cartel. We consider stability concepts such as the farsighted core, the farsighted stable sets, and the largest consistent set. We show that: (i) the farsighted core is either an empty set or a singleton...