from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion … which are asymmetric in magnitude. Within this framework, we study partial collusion using Friedman (1971) solution concept …. Our main result shows that the interval of quantities supporting collusion in the asymmetric setting is always smaller …

first investigate the extent to which collusive agreements are feasible. Secondly, we focus on collusion sustainability in … an infinitely repeated game. We show that, regardless of the degree of cost asymmetry, at least some collusion is always … sustainable. Finally, the degree of collusion is also endogeneised to show that cooperation has an upper bound determined by the …

We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives …

We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price … sustainability of collusion. Starting from a low level, an increase in signal precision first facilitates collusion. However, there … is a turning point from which on any further increase renders collusion less sustainable. Our analysis provides important …