We explore targeted punishment as an explanation for collusion among many firms. In a series of Cournot oligopoly … experiments with various numbers of firms, we compare production decisions with and without the possibility to target punishment … collusion. More so, we find that the collusive effect of targeted punishment is even stronger in markets with more competitors …

We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …

We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …

to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …

is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …

is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …

has changed such that "tacit collusion" or "coordinated effects" become disturbingly more likely. It seems that antitrust … neglects the fact that, for more than 50 years, economists have been doing experiments on this very question. Almost any … conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta …

has changed such that "tacit collusion" or "coordinated effects" become disturbingly more likely. It seems that antitrust … neglects the fact that, for more than 50 years, economists have been doing experiments on this very question. Almost any … conceivable determinant of higher or lower collusion has been tested. This paper standardises the evidence by way of a meta …