A cartel is a formal (explicit) agreement among firms. Cartels usually occur in an ... firms, the existence of such a firm may undermine the collusive behaviour of the cartel ...

These agreements may be formal or they may consist of simple ... Ironically, each member of a cartel has an economic incentive to cheat on any collusive agreements that are ...

A cartel agreement is considered a collusive agreement in that the different parties agree not to allow ... In Japan formal and informal national cartels are accepted as part of ...

Cartel Policy and the Evolution of Strategy and ... industry concentration and the existence of a collusive agreement ... possible that in many industries eliminating formal agreements ...

This agreement is illegal and therefore there is no formal contract that members of the cartel can use to exact ... For each cartel member this collusive agreement yields per period ...

... ways, the inclusion of adistinc-tionbetweendierent costs in the formal ... of the punishment phase becomes so small, that a member of the cartel will abandon the collusive agreement in ...

... paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive agreement. ... has focused on the problem 1 A formal collusion agreement among ...

... the collusion is explicit--that is, arranged through formal agreements--it is called a cartel. ... So it cheats, causing the cartel (or collusive agreement) to crumble, as happened in ...

... models of collusion, the term "agreement" does not imply a formal communication--all that is needed is for the cartel ... for both tacit and explicit collusive agreements. Since ...

... in the absence of trade barriers an efficient collusive agreement ... However, such cartel agreements are also the most difficult to ... firm that had not met its market share. 6 The formal ...