Dijkstra, Peter; Haan, Marco A.; Mulder, Machiel - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2014
We study cartel stability in an industry that is subject to uniform yardstick regulation. In a theoretical model, we show that the number of symmetric firms does not affect collusion. In a laboratory experiment, however, we do find an effect. If anything, increasing the number of firms...