Cartel stability and the curvature of market demand

Lambertini, Luca (1994) Cartel stability and the curvature of market demand. DOI 10.6092/unibo/amsacta/806.
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Abstract

The stability of collusion is analysed for a family of demand functions whose curvature is determined by a parameter varying between zero and infinity. If demand is sufficiently convex, firms may prefer to act as quantity setters in order to increase cartel stability. Otherwise, price-setting behaviour enhances their ability to collude.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Keywords
curvature of market demand collusion stability
Subjects
DOI
Deposit date
17 Jun 2004
Last modified
17 Feb 2016 14:05
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