countercyclical. We also establish pricing patterns with respect to the relative prices in booms and recessions. If the marginal cost … intermediate range, numerical examples are calculated to show specific pricing patterns. …

This paper identifies conditions under which an industry-wide practice of posted (or list) pricing is a plus factor … posted pricing, it is to facilitate collusion by making it easier for them to coordinate their prices. It is then argued that … the adoption of posted pricing communicates the necessary intent and reliance to conclude concerted action. …