Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain … oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …

individual industries. We compare the findings of these studies of cartel activity from the 1800s through the 1980s with the … survey of the empirical work is that it is difficult to generalize about cartel behavior. Our examination of cartel duration … on prices and profitability finds that there is enormous variance in cartel success at raising price to the joint …

This paper analyzes cartel stability when firms are farsighted. It studies a price leadership model a la D' Aspremont … et al. (1983), where the dominant cartel acts as a leader by determining the market price, while the fringe behaves … competitively. According to D'Aspremont et al.'s (1983) approach a cartel is stable if no firm has an incentive to either enter or …