Econometrica Vol. 52 No. 1 1984
Noncooperative Collusion under Imperfect Price Information
Abstract
Recent work in game theory has shown that, in principle, it may be possible for firms in an industry to form a self-policing cartel to maximize their joint profits. This paper examines the nature of cartel self-enforcement in the presence of demand uncertainty. A model of a noncooperatively supported cartel is presented, and the aspects of industry structure which would make such a cartel viable are discussed.
- DOI
- 10.2307/1911462
- Volume
- 52
- Issue
- 1
- Pages
- 87
- Sources
- bibtex:phds-export.bib crossref openalex