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- W2090715250 abstract "This paper studies collusion in repeated Bertrand oligopoly when stochastic demand levels for the product of each firm are their private information and are positively correlated. It derives general sufficient conditions for efficient collusion through communication and a simple grim-trigger strategy. This analysis is then applied to a model where the demand signal has multiple random components which respond differently to price deviations. In this model, it is shown that the above sufficient conditions hold if idiosyncratic noise terms are sufficiently small. Journal of Economic Literature Classification Numbers: C72, D82." @default.
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- W2090715250 date "2002-01-01" @default.
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- W2090715250 title "Collusion in Dynamic Bertrand Oligopoly with Correlated Private Signals and Communication" @default.
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- W2090715250 doi "https://doi.org/10.1006/jeth.2000.2711" @default.
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