Can I read Implicit Cartels in Cournot Oligopoly on EtoBox?

Implicit Cartels in Cournot Oligopoly by Aldo Pignataro is a document available to read on EtoBox.

What is Implicit Cartels in Cournot Oligopoly about?

This chapter discusses strategies for implicit cartels using repeated Cournot oligopoly as the model. It analyzes the simple trigger strategy where firms produce the monopoly level until deviation, then the Nash equilibrium forever after. For high discount factors, this can support the monopoly output as an equilibrium. When the discount factor is lower, the optimal production supported as an equilibrium is found by minimizing output subject to incentive compatibility. Later sections discuss more complex ca

Author

Aldo Pignataro

Language

EN