The Impact of Persistent Shocks and Concave Objective Functions on Collusive Behavior

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&#...

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Bibliografiska uppgifter
I publikationen:MAGKS - Joint Discussion Paper Series in Economics (Band 28-2013)
Huvudupphovsman: Paha, Johannes
Materialtyp: Artikel
Språk:engelska
Publicerad: Philipps-Universität Marburg 2013
Ämnen:
persistence
collusion
concavity
cartel formation
Wirtschaft
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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