Cartel formation with quality differentiation

Research on collusion in vertically differentiated markets is conducted under one or two potentially restrictive assumptions. Either there is a single industry-wide cartel or costs are assumed to be independent of quality or quantity. We explore the extent to which these assumptions are indeed restr...

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Veröffentlicht in:	Mathematical social sciences 2020-07, Vol.106, p.36-50
Hauptverfasser:	Bos, Iwan, Marini, Marco A., Saulle, Riccardo D.
Format:	Artikel
Sprache:	eng
Schlagworte:	Cartel formation Cartels Collusion Differentiation Endogenous coalition formation Industry-wide cartel Market shares Partial cartels Prices Product quality Production costs Profitability Variants Vertical differentiation
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