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The Economics of Collusion: Cartels and Bidding Rings

By Robert C. Marshall, Leslie M. Marx
eBook
$28.99
By Robert C. Marshall, Leslie M. Marx
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An examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected.

Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegali...

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BusinessEconomicsEconomics - General & Miscellaneous