Endogenous Cartel Formation with Heterogeneous Firms and Differentiated Products

Real-world collusive agreements do not necessarily include all firms that are active in the cartelized industry. Often, cartels are formed by asymmetric firms offering products that are not completely homogenous. This article endogenizes the process of cartel formation in a simulation model where fi...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 07-2010)
Main Author:	Paha, Johannes
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2010
Subjects:	Cartel Formation Wirtschaft Collusion Differential Evolution, Heuristic Optimization Industry Simulation Cartel Detection Economics
Online Access:	PDF Full Text
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