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- W2012101738 abstract "We investigate the stability of collusion in a market where firms cannot prevent entry. In a symmetric, homogeneous oligopoly there are collusive long-run equilibria under which the colluders obtain positive economic rents while they do not prevent entry of firms up to a maximum equal to the largest number of firms sustainable at a single shot equilibrium. The collusion is not generous to new entrants; their profits are a little better than those associated with the discounted single shot equilibrium. Eventually entrants obtain profits equal to the incumbent firms. We extend the results to asymmetric, differentiated oligopolies." @default.
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- W2012101738 title "Sustainable collusion in oligopoly with free entry" @default.
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- W2012101738 doi "https://doi.org/10.1016/0014-2921(94)90058-2" @default.
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