depends on the cost of producing quality. Moreover, given that there is a cartel, more collusion can be beneficial for society …This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment …. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …

product differentiation, where the analysis of cartel stability under partial collusion points towards procyclical pricing …