The Impact of Persistent Shocks and Concave Objective Functions on Collusive Behavior
This paper provides a theoretic model for the analysis of cartel formation in an industry that is subject to profit shocks. The competitive or collusive conduct of a firm is determined by a decision maker who maximizes the present value of utility that accrues to him by earning a share of the firm...
Bewaard in:
Gepubliceerd in: | MAGKS - Joint Discussion Paper Series in Economics (Band 28-2013) |
---|---|
Hoofdauteur: | |
Formaat: | Artikel |
Taal: | Engels |
Gepubliceerd in: |
Philipps-Universität Marburg
2013
|
Onderwerpen: | |
Online toegang: | PDF Full text |
Tags: |
Voeg label toe
Geen labels, Wees de eerste die dit record labelt!
|
MAGKS - Joint Discussion Paper Series in Economics