Lee, Jen Yao; Fan, Chen-Chia; Tsai, Chien-Shu - In: Games 14 (2023) 2, pp. 1-11
This paper considers the collusive stability of downstream competition in a vertical market with network externalities and cost asymmetry. A dynamic collusion game is constructed, and backward induction is employed to solve the subgame perfect Nash equilibrium. We show that larger network...