OUTPUT-EXPANDING COLLUSION IN THE PRESENCE OF A COMPETITIVE FRINGE

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dc.contributor.authorMontero, Juan Pablo
dc.contributor.authorIgnacio Guzman, Juan
dc.date.accessioned2024-01-10T13:16:00Z
dc.date.available2024-01-10T13:16:00Z
dc.date.issued2010
dc.description.abstractFollowing the structure of many commodity markets, we consider a few large firms and a competitive fringe of many small suppliers choosing quantities in an infinite-horizon setting subject to demand shocks. We show that a collusive agreement among the large firms may not only bring an output contraction but also an output expansion (relative to the non-collusive output level). The latter occurs during booms and is due to the strategic substitutability of quantities. We also find that the time at which maximal collusion is most difficult to sustain can be either at booms or recessions. The international copper cartel of 1935-39 is used to illustrate some of our results.
dc.fechaingreso.objetodigital2024-05-09
dc.format.extent21 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1111/j.1467-6451.2010.00410.x
dc.identifier.issn0022-1821
dc.identifier.urihttps://doi.org/10.1111/j.1467-6451.2010.00410.x
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/78550
dc.identifier.wosidWOS:000275099300005
dc.information.autorucInstituto de Economía;Guzmán JI;S/I;120113
dc.information.autorucInstituto de Economía;Montero JP;S/I;87534
dc.issue.numero1
dc.language.isoen
dc.nota.accesocontenido parcial
dc.pagina.final126
dc.pagina.inicio106
dc.publisherWILEY-BLACKWELL PUBLISHING, INC
dc.revistaJOURNAL OF INDUSTRIAL ECONOMICS
dc.rightsacceso restringido
dc.subjectJOINT EXECUTIVE-COMMITTEE
dc.subjectCARTEL STABILITY
dc.subjectREPEATED GAMES
dc.subjectREPUTATION
dc.subjectOLIGOPOLY
dc.subjectMARKET
dc.subject.ods09 Industry, Innovation and Infrastructure
dc.subject.odspa09 Industria, innovación e infraestructura
dc.titleOUTPUT-EXPANDING COLLUSION IN THE PRESENCE OF A COMPETITIVE FRINGE
dc.typeartículo
dc.volumen58
sipa.codpersvinculados120113
sipa.codpersvinculados87534
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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