Is Voting for a Cartel a Sign of Cooperativeness?
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DOI: 10.3390/g12020048
Abstract: This paper tests the hypothesis that a (partial) reason why cartels—collective but costly and non-binding price agreements—lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing… read more here.
Keywords: agreement; voting cartel; sign cooperativeness; cartel sign ... See more keywords