Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - Leverhulme Centre for Research on Globalisation and … - 2015
We study the implication of credit constraints for the sustainability of product market collusion in a bank financed Cournot duopoly when firms face an imperfect credit market. We consider two situations without or with credit rationing. When there is no credit rationing moderately higher cost...