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 …

lowering the prices they offer to customers. These mechanisms create much greater scope for collusion than economic models … unconcentrated the industry becomes. In some instances, lower market concentration makes collusion easier; smaller firms may be more … dependent on collaboration with rivals and thus may be easier to punish if they undercut collusion. These results run directly …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive …

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 …

This article analyzes the strategic decisions of firms whether to establish and adhere to a cartel when they can also …. The model shows that a negative demand shock can facilitate cartel formation despite lowering collusive profits. This is … is interesting because a low discount rate is usually considered a facilitating factor for collusion. …

This article provides a framework for the analysis of cartel formation. It models the strategic interaction among firms … persistence. The firms either compete or collude in prices. The model shows that a reduction of demand may promote collusion …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion …The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive …

In this paper we investigate the connection between cost asymmetries and the sustainability of collusion within the …, at least some collusion is always sustainable if firms are patient enough. We also endogenize the degree of collusion and …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive …