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Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004 …
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agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are …
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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
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exits. By contrast, existing oligopoly models of collusive behavior consider only some of the four listed stylized facts and …
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