agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are … hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …

of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …

first investigate the extent to which collusive agreements are feasible. Secondly, we focus on collusion sustainability in … an infinitely repeated game. We show that, regardless of the degree of cost asymmetry, at least some collusion is always … sustainable. Finally, the degree of collusion is also endogeneised to show that cooperation has an upper bound determined by the …

actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards …

four separate organization setups (Full Competition, Semi-collusion in Production, Semi-collusion in R&D and Full Collusion … possible that firms in the Full Collusion regime produce most and generate the highest level of social welfare. …

Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly … Stackelberg experiment is considered in order to answer the question whether framing individual decision making as firm decision …