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...
Kaydedildi:
Yayımlandı: | MAGKS - Joint Discussion Paper Series in Economics (Band 28-2013) |
---|---|
Yazar: | |
Materyal Türü: | Makale |
Dil: | İngilizce |
Baskı/Yayın Bilgisi: |
Philipps-Universität Marburg
2013
|
Konular: | |
Online Erişim: | PDF Tam Metin |
Etiketler: |
Etiketle
Etiket eklenmemiş, İlk siz ekleyin!
|
MAGKS - Joint Discussion Paper Series in Economics