Gendron, Pierre-Pascal - In: International Tax and Public Finance 8 (2001) 5, pp. 659-674
competition. It proposes a particular collusive equilibrium in a repeated oligopoly with homogeneous quantity-setting firms. The … industry sustains tacit collusion by using credible and severe punishments of deviations. The analysis of the most collusive … equilibrium with losses indicates that a tax policy which increases refunds reduces output, increases market price, and therefore …