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tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared … share or conceal information, so the information sharing itself did not substantially increase tacit collusion …
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tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared … share or conceal information, so the information sharing itself did not substantially increase tacit collusion …
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I study an indefinitely repeated game where firms differ in size. Attempts to form cartels in such an environment, for example by rationing outputs in a manner linked to firm size differences, have generally struggled. Any successful cartel has to set production shares in a manner that ensures...
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ability of firms to engage in collusion. We show that in a situation in which firms cartelize and charge monopoly prices …, limited attention makes deviation from such collusive behavior less rewarding and hence facilitates collusion. In particular …
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