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David Collie |
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''Collusion and the elasticity of demand'' |
( 2004, Vol. 12 No.3 ) |
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The analysis of collusion in infinitely repeated Cournot oligopoly games has generally assumed that demand is linear, but this note uses constant-elasticity demand functions to investigate how the elasticity of demand affects the sustainability of collusion. |
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Keywords: cartel |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
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Manuscript Received : Mar 19 2004 | | Manuscript Accepted : Mar 19 2004 |
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