1 Introduction.(How Do Cartels Operate?)
From: Foundations and Trends in Microeconomics
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Date: 7/1/2006
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Author: Harrington, Joseph E., Jr.
A recent paper reviewed various approaches to detecting collusion using patterns in firm behavior (Harrington, 2006). The efficacy of looking for patterns in prices and quantities relies on knowing what to look for. What does cartel behavior look like? How is it distinguishable from competitive behavior? Towards better addressing those questions, this paper delves deeper into cartels and explores how they operate. How a collusive outcome--in terms of price and an allocation of market ...
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