Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
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We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find that two types of price wars may exist. In one,
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美国国家经济研究局创建时间：
2006-10-01
