Heterogeneous Firms can Always Collude on a Minimum Price
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Business Economics and Public Policy Papers
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Subject
collusion; firm heterogeneity; minimum recommended price; trade associations
Business
Economics
Public Affairs, Public Policy and Public Administration
Business
Economics
Public Affairs, Public Policy and Public Administration
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Author
Harrington, Joseph E
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Abstract
When firms are heterogeneous, there may not exist a common collusive price that raises all firms’ profits. However it is shown that there always exists a common minimum price that raises all firms’ profits.
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Publication date
2016-01-01
Journal title
Economics Letters