switch from exporting to undertaking FDI when trade costs are relatively high. Also, collusion over FDI may increase welfare. …

critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …

sustainability of collusion is independent of key demand and supply parameters. Recent research has demonstrated that these …). This note considers the effects of demand curvature in the context of a model of collusion where, as in Gallice (2008 … effects of increased concavity (or convexity) in market demand on the sustainability of collusion runs in opposite directions …

are sufficiently high, trade liberalization facilitates collusion. Exactly the opposite is true if, for any given degree … of product substitutability, trade costs are sufficiently low. We also study the dependence of multimarket collusion on …

are indicative of collusion and allow the distinction between collusion from competition. This paper focuses on the … are worthy of more intense investigation. Thus the paper discusses the interrelationship between collusion/competition and …

collusion often leads to less production, technology sharing of nondrastic, but sufficiently large, innovations can increase … industry quantity output under collusion equal to or higher than that achieved under Cournot competition, making consumers … collusive equilibrium. Stability of collusion has policy implications for competition authorities as it provides an explanation …