Villar, Marc Escrihuela - Departament d'Economia Aplicada, Facultat de Ciències … - 2008
We use the concept of cartel stability defined by d'Aspremont et al. (1983) to obtain that the sequence of play between the cartel and the fringe affects cartel stability in a quantity-competition setting where firms tacitly collude. We also prove that an endogenous sequence of play between a...