Stable Cartels

Despite arguments that cartel arrangements are inherently unstable, there are certain conditions under which a cartel will be stable. The stability of cartels is examined under conditions in which a subset of firms form a cartel that is a price leader and under which firms recognize their impact on...

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Veröffentlicht in:International economic review (Philadelphia) 1986-06, Vol.27 (2), p.317-327
Hauptverfasser: M.-P. Donsimoni, Economides, N. S., Polemarchakis, H. M.
Format: Artikel
Sprache:eng
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