Roux, Catherine; Thöni, Christian - Départment d'économétrie et d'économie politique … - 2013
We explore targeted punishment as an explanation for collusion among many firms. In a series of Cournot oligopoly … collusion. More so, we find that the collusive effect of targeted punishment is even stronger in markets with more competitors …, suggesting a reversal of the conventional wisdom that collusion is easier the fewer the firms. …
