A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is
The article seeks to ...ll the gap between tacit and explicit collusion in a setting where ...rms observe only their own output levels and a common price, which includes a stochastic component. Without communication, ...rms 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...ts due to the risk of exposure todoi:10.2139/ssrn.2366455 fatcat:jxixpzofxjdvhmnnlrpy3akmay