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We study the possibility of cartel formation among primary exporters who face an inelastic world demand for their exports. By constructing an appropriate infinitely repeated export game, we show that varying country sizes will pose difficulties in sustaining the collusive behaviour.
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This paper provides evidence that ownership and organization matters for the efficiency of provision of public services. In particular, we find that pure private ownership is more efficient than pure public ownership, followed by mixed ownership. The delegation of management in different legal...
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