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The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings cannot be reconciled with principles of oligopoly theory. This article...
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policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
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associated theory of collusion in markets with public demand fluctuations; mixed-strategy equilibria and purification theory and … the associated theory of sales; and repeated games with imperfect monitoring and the associated theory of collusion and …
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