Business Economics and Public Policy Papers

Document Type

Journal Article

Date of this Version

1-2016

Publication Source

Economics Letters

Volume

138

Start Page

46

Last Page

49

DOI

10.1016/j.econlet.2015.11.020

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.

Copyright/Permission Statement

© 2016. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

collusion; firm heterogeneity; minimum recommended price; trade associations

Embargo Date

11-27-2017

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Date Posted: 27 November 2017

This document has been peer reviewed.