Tacit Collusion in Price-Setting Oligopoly: A Puzzle Redux.

We study tacit collusion in price-setting duopoly games with strategic complements and substitutes. While this problem has been considered by several studies, this article sheds new light on the comparison by focusing on the relationship between dynamic stability of equilibrium and tacit collusion....

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Publicado en:Southern Economic Journal Vol. 79; no. 3; pp. 703 - 727
Autores principales: Essen, Matt Van, Hankins, William B.
Formato: Artículo
Publicado: Wiley-Blackwell Jan2013
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Tacit Collusion in Price-Setting Oligopoly: A Puzzle Redux.
      aug:
        au:
          Essen, Matt Van
          Hankins, William B.
        affil: Department of Economics, Finance, and Legal Studies, University of Alabama, 200 Alston Hall, Box 870224, Tuscaloosa, AL 35487
      su:
        Oligopolies
        Economic equilibrium
        Economic competition
        Collusion
        Pricing
        Algorithms
      sug:
        subj:
          Oligopolies
          Economic equilibrium
          Economic competition
          Collusion
          Pricing
          Algorithms
      ab: We study tacit collusion in price-setting duopoly games with strategic complements and substitutes. While this problem has been considered by several studies, this article sheds new light on the comparison by focusing on the relationship between dynamic stability of equilibrium and tacit collusion. We find when controlling for the absolute slope of the reaction functions, there are no robust differences in either the convergence properties or tacit collusion between complements and substitutes treatments.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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