TY  - GEN
AB  - The article seeks to fi…ll the gap between tacit and explicit collusion in a setting where fi…rms observe only their own output levels and a common price, which includes a stochastic component. Without communication, …firms fail to discriminate between random shocks and marginal deviations, which constrains the scope for collusion. By eliminating uncertainty about what has happened,
communication facilitates detection of deviations but reduces collusive pro…fits due to the risk of exposure to legal sanctions. With the optimal collusive strategy,
…firms communicate only if the market price falls somewhat below the trigger price.
Moreover, they tend to communicate more often as they become less patient, a cartel grows in size, or demand uncertainty rises.
DA  - 2013
KW  - Imperfect Monitoring
KW  - Communication
KW  - Frequency ofMeetings.
KW  - Collusion
LA  - eng
PY  - 2013
SN  - 0931-6558
SP  - 49-
TI  - Explicit Collusion under Antitrust Enforcement
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26753051
Y2  - 2024-11-22T03:45:26
ER  -