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A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …
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Although much research has been devoted to the impact of seller structure on market outcomes, considerably less is known about the influence of buyer structure. We examine the impact of buyer concentration on the pricing of a monopolist. We design experimental markets in which a monopolist faces...
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A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …
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