the explanatory power of traditional collusion, relative market power and efficiency alongside other key controls on bank …

. We show that in the absence of hassle costs, MCCs might induce collusion in homogeneous markets even if they are adopted … only by few retailers. If hassle and implementation costs are mild, collusion can be enforced by BCCs with lump sum refunds …

collusion. It turns out that in homogeneous markets with capacity-constrained retailers, the retailers with the largest … real commercial life) to induce the most robust collusion. However, it turns out that this peculiar finding can be resolved … demand is specified by efficient rationing, the most robust collusion can also be enforced by CCs of conventional forms …