Villemeur, Etienne Billette de; Flochel, Laurent; … - Groupe d'Analyse et de Théorie Économique Lyon … - 2009
Collusion sustainability depends on firms' aptitude to impose suffciently severe punishments in case of deviation from the collusive rule. We characterize the ability of oligopolistic ï¬rms to implement a collusive strategy when their ability to punish deviations over one or several periods is...