persistent shocks. The decision maker incurs opportunity costs of collusion and chooses the conduct of a firm in order to … costs and the discount factor collusion can be stable in no, one, or both states of the industry. When collusion is stable … persistent, collusion is stable in the bad state. -- cartel formation ; collusion ; concavity ; persistence …

increased potential for product market collusion. We consider all trajectories that are candidates for an optimal solution as … initial technologies, pursue innovations more quickly, and are less likely to abandon a technology. Product market collusion …

has changed such that "tacit collusion" or "coordinated effects" become disturbingly more likely. It seems that antitrust … conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta …

are indicative of collusion and allow the distinction between collusion from competition. This paper focuses on the … are worthy of more intense investigation. Thus the paper discusses the interrelationship between collusion/competition and …

are sufficiently high, trade liberalization facilitates collusion. Exactly the opposite is true if, for any given degree … of product substitutability, trade costs are sufficiently low. We also study the dependence of multimarket collusion on …

collusion provide sufficient incentives for cartels to develop creative ways to limit the temptations that inevitably arise …

between different markets. This paper shows that collusion in such industries leads firms to shift output from high …