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Explicit Collusion Under Antitrust Enforcement
2013
Social Science Research Network
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 to
doi:10.2139/ssrn.2366455
fatcat:jxixpzofxjdvhmnnlrpy3akmay