کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5078505 1477367 2006 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Internal cartel stability with time-dependent detection probabilities
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Internal cartel stability with time-dependent detection probabilities
چکیده انگلیسی

To account for the illegal nature of price-fixing agreements, per-period detection probabilities that can vary over time are introduced in a dynamic oligopoly. The resulting ICCs for internal cartel stability indicate that for discount factors up to 10% per-period detection probabilities of 5% are needed to reduce the number of cartel members by 50%. For the special case of stationary supergames with constant per-period detection probabilities p elegant rules emerge: internal cartel stability requires the discount factor to increase with 100 × p / (1 − p) percent while a fixed fine of 100 × (1 − p) / p percent of incremental cartel profits is required for making the ICC always binding.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 24, Issue 6, November 2006, Pages 1213-1229
نویسندگان
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