Autore
Martin, Stephen

Titolo
Fringe size and cartel stability
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1990 - Fascicolo: 16 - Pagina iniziale: 1 - Pagina finale: 20

Static cartel stability with a price-taking fringe is shown to be perilous: if fringe firms act as Cournot oligopolists, the presence of a fringe is necessary for static stability. Conditions for cartel stability in supergames enforced by a trigger strategy and by a stick-and-carrot strategy are examined.



Testo completo: http://hdl.handle.net/1814/355

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