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A Dynamic Oligopoly with Collusion and Price Wars Author info | Abstract | Publisher info | Download info | Related research | Statistics Fershtman, C.
Pakes, A.
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In this paper we extend the collusion framework to allow for heterogeneity among firms, investment, entry and exit. The focus is on a model with symmetric information in which it is hard to sustain collusion when either; one of the firms does not keep up with the advances of its competitors (both inside and outside the industry), or a "low quality" entrant enters.
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Paper provided by Tel Aviv in its series Papers with number
26-98.
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Length: 38 pages
Date of creation: 1998Date of revision:
Handle: RePEc:fth:teavfo:26-98Contact details of provider: Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL. Phone: 972-3-640-9255 Fax: 972-3-640-5815 Email: Web page: http://econ.tau.ac.il/research/foerder.asp More information through EDIRC
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Keywords: OLIGOPOLIES ; MARKET STRUCTURE ; Other versions of this item:
Find related papers by JEL classification: D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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