The article focuses on the emergence and operation of cartels in sectors in which companies differ in terms of … production costs. The author shows that stable cartels can operate in sectors made up of enterprises that are heterogeneous in … decisions made by participants. To investigate the behavior of enterprises in the formation and operation of cartels, the Nash …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive … experimentally the formation and behavior of partial cartels. The theoretical model is a variation of Bos and Harrington's (2010 … experimental study has two main objectives. The first goal is examine whether partial cartels emerge in the lab at all, and if so …