Competitive prices as optimal cartel prices |
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| Authors: | Harold Houba Evgenia Motchenkova Quan Wen |
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| Affiliation: | a Department of Econometrics, VU University Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, Netherlandsb Tinbergen Institute (TIA), Gustav Mahler 117, 1082 MS Amsterdam, Netherlandsc TILEC, Netherlandsd Vanderbilt University, United States |
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| Abstract: | In a linear oligopoly model with antitrust enforcement, the optimal cartel price converges to the competitive equilibrium price. The set of sustainable cartel prices does not shrink to the competitive price. We identify necessary conditions for this counter-intuitive convergence result. |
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| Keywords: | L4 C73 |
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