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A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms

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NBER1984-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1412
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This paper studies implicitly colluding oligopolists facing fluctuating demand. The credible threat of future punishments provides the discipline that facilitates collusion. However, we find that the temptation to unilaterally deflate from the collusive outcome is often greater when demand is high.
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1984-08-01
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