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8 years ago

Cartels can thrive longer by kicking out cheaters, study finds

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Economic Research-Ekonomska Istraživanja
On Collusion Sustainability with Stacked Reversion
Marc Escrihuela‐Villar, Jorge Guillén

Paper Summary

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The article explores how cartels can stay together over time. They found that small cartels can keep colluding if they have a leader and are patient. When firms compete by setting prices, it's harder to maintain collusion. Cheaters are kicked out, but the cartel can still work without them.