is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …

difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …

actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

that resembles traditional tacit collusion, I conduct market experiments with human participants in the same environment …