Shelkova, Natalya Y. - Industrial Relations Section, Department of Economics - 2008
dismissed. However, such behavior is not impossible. This paper investigates the possibility of tacit collusion by low …-binding minimum wage may serve as a focal point of tacit collusion, proposing a symmetric solution to an infinitely played game of … wage-setting. Several empirical techniques were employed in testing the hypothesis, including hurdle models of collusion …