Green, Edward J. and Porter, Robert H. (1984) Noncooperative Collusion under Imperfect Price Information. Econometrica, 52 (1). pp. 84-100. ISSN 0012-9682. doi:10.2307/1911462. https://resolver.caltech.edu/CaltechAUTHORS:20171117-140712553
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Abstract
Recent work in game theory has shown that, in principle, it may be possible for firms in an industry to form a self-policing cartel to maximize their joint profits. This paper examines the nature of cartel self-enforcement in the presence of demand uncertainty. A model of a noncooperatively supported cartel is presented, and the aspects of industry structure which would make such a cartel viable are discussed.
| Item Type: | Article | ||||||||||||
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| Additional Information: | © 1984 The Econometric Society. We have accepted the generous help of many colleagues in the course of this research. We would particularly like to thank C. Berry, T. Bresnahan, J. Friedman, J. Mirrlees, S. Salop, H. Sonnenschein, and R. Willig. Robert Porter's research received support from a Sloan Foundation grant to the University of Minnesota Economics Department. Formerly SSWP 367. | ||||||||||||
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| Subject Keywords: | Collusion, Cartels, Nash equilibrium, Market prices, Industrial market, Shipping industries, Estimators, Ergodic theory, Markov processes, Industrial concentration | ||||||||||||
| Issue or Number: | 1 | ||||||||||||
| DOI: | 10.2307/1911462 | ||||||||||||
| Record Number: | CaltechAUTHORS:20171117-140712553 | ||||||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171117-140712553 | ||||||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||||||||
| ID Code: | 83298 | ||||||||||||
| Collection: | CaltechAUTHORS | ||||||||||||
| Deposited By: | Jacquelyn Bussone | ||||||||||||
| Deposited On: | 17 Nov 2017 22:33 | ||||||||||||
| Last Modified: | 15 Nov 2021 19:57 |
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