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We re-examine tacit collusion under a simple punishment rule in which firms match any lower price by their rivals, but otherwise leave their prices unchanged. We provide conditions under which this simple rule sustains collusion and is credible. Provided competition is imperfect, collusion can...
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innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …
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innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …
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