A Caltech Library Service

The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study

Isaac, R. Mark and Plott, Charles R. (1981) The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study. Journal of Economic Behavior and Organization, 2 (1). pp. 1-30. ISSN 0167-2681.

Full text is not posted in this repository. Consult Related URLs below.

Use this Persistent URL to link to this item:


A study is a limited exploration into the relationship between the opportunity for conspiracy in restraint of trade and the resulting market performance. Laboratory experimental methods are applied to separate competing theories. The competitive model predicts well relative to cartel models. Nevertheless, when measurements are taken relative to the performance of markets where conspiracies are not possible, the effects of attempted conspiracies can be determined.

Item Type:Article
Related URLs:
URLURL TypeDescription DOIArticle
Additional Information:© 1981 North-Holland Publishing Company. Received November 1980. The financial support for this research was provided by the National Science Foundation. We gratefully acknowledge this assistance. Vernon Smith provided helpful criticisms of an early draft. We also wish to thank Julie Laberty and the Caltech Workshop in Experimental Methods for their many helpful comments.
Group:Social Science Working Papers
Funding AgencyGrant Number
Caltech Workshop in Experimental MethodsUNSPECIFIED
Other Numbering System:
Other Numbering System NameOther Numbering System ID
Social Science Working Paper255
Issue or Number:1
Record Number:CaltechAUTHORS:20140220-115148242
Persistent URL:
Official Citation:R.Mark Isaac, Charles R. Plott, The opportunity for conspiracy in restraint of trade: An experimental study, Journal of Economic Behavior & Organization, Volume 2, Issue 1, March 1981, Pages 1-30, ISSN 0167-2681, (
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43903
Deposited By: Susan Vite
Deposited On:20 Feb 2014 21:15
Last Modified:03 Oct 2019 06:12

Repository Staff Only: item control page