Arbeitspapier
A Cost-side Analysis on Collusive Sustainability
In an oligopoly supergame, firm`s actions in prices and quantities are subject to non-negativity constraints. These aonstarints can obstruct the practicability of oprimal punishment (a la Abreu (1989), Lambson (1987), and Hacker (1996)) in sustaining tacit collusion. Noting that the prospect of single-period optimal punichment depends indispensably upon firms` ability to charge prices strictly below marginal costs (loss-making pricing), under the presence of positive rice constraints, marginal costs can serve as a "fudge" to materialize single-period optimal punishment. In this pa-per we charactarise the effects of profit-cost ratios (or mark-ups) on the sustainability of tacit col-lusion, in light of optimal punishment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 355
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lambertini, Luca
Sasaki, Dan
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
1999
- DOI
-
doi:10.6092/unibo/amsacta/4954
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lambertini, Luca
- Sasaki, Dan
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 1999
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