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| Author: | Gross, J. Holahan, W. L. |
| Title: | Credible collusion in spatially separated markets |
| Journal: | International Economic Review
2003 : FEB, VOL. 44:1, 299-312 |
| Index terms: | Spatial economics Economic geography Transport |
| Language: | eng |
| Abstract: | In an infinitely repeated game, sellers employ a trigger strategy of mutual forbearance invasion of each other's markets, stabilized against invasion by the threat of Bertrand pricing. Contrary to conventional static models, this article shows stability for a wide range of transportation costs and present value parameters, and that increases in transportation costs tend to destabilize the collusive agreement. |
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