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| Author: | Athey, S. Bagwell, K. |
| Title: | Optimal collusion with private information |
| Journal: | RAND Journal of Economics
2001 : AUTUMN, VOL. 32:3, p. 428-465 |
| Index terms: | COSTS INFORMATION |
| Freeterms: | OPTIMAL COLLUSION |
| Language: | eng |
| Abstract: | The authors analyze collusion in an infinitely repeated Bertrand game, where prices are publicly observed and each firm receives a privately observed, i.i.d. cost shock in each period. Productive efficiency is possible only if high-cost firms relinquish market share. |
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