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Collusion’s Role in International Oligopo¬listic Equilibria: Suggestions from a Con¬jectural Variations Approach

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In order to illustrate the paper’s arguments and to discuss the generation of conjectures that may be found in neoclassical oligopoly theory as they may be applied to international oligopolies, various conjectural variations models of international oligopolies are summarized. It is then argued that, within a particular market, conjectures that are compatible with equilibria require an understanding of a sort that may be generated by the interaction of the market’s supply and demand conditions, the history of the rivals’ behavior, the beliefs and militancy of the antitrust authorities, and, above all, the opportunities for reciprocity and mutual profitability resulting from adopting such conjectures.

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  • Daniel, III, Coldwell, 1995. "Collusion’s Role in International Oligopo¬listic Equilibria: Suggestions from a Con¬jectural Variations Approach," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 48(1), pages 13-23.
    • Handle: RePEc:ris:ecoint:0404
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    1. Coldwell Daniel, 1997. "The antitrust laws: A primer John H. Shenefield and Irwin M. Stelzer AEI Press, 1993, xi, 118 pp," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(4), pages 420-426, December.

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