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This paper offers a theoretical model for the analysis of illegal cartels. Given the nature of the cartel, retaliation is also illegal. To assess the stability of collusion as a criminal organization, we propose a one-shot game based on Bertrand competition with product differentiation. We...
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Prediction Markets (PMs) are markets in which agents trade event contingent assets. Enterprises use PMs to forecast revenues and project deadlines. This paper presents an Agent-based model, called Logarithmic Market Scoring Rule-Automated Market Maker (LMSR-ASM), to evaluate Prediction Markets....
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