Abstract: Collusion enhances pro…ts of cartel …rms, but collusive pro…ts are reduced by the presence of rival …rms outside a cartel. We construct a model in which a …rm that was not invited to join, or that chose to remain outside the cartel, can potentially be eliminated through monopolization conduct by the cartel. This conduct increases pro…ts for cartel members due to both the diminished competition and the decreased
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 7
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot