We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …

cartel member’s plant to the customer. We investigate this claim by first developing a theory of collusive pricing that takes … account of the option of bribing intermediaries. The theory predicts that the cement cartel members are more likely to share …A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised …