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.
MLA
Green, Edward J., and Robert H. Porter. “Noncooperative Collusion under Imperfect Price Information.” Econometrica, vol. 52, .no 1, Econometric Society, 1984, pp. 87-100, https://www.jstor.org/stable/1911462
Chicago
Green, Edward J., and Robert H. Porter. “Noncooperative Collusion under Imperfect Price Information.” Econometrica, 52, .no 1, (Econometric Society: 1984), 87-100. https://www.jstor.org/stable/1911462
APA
Green, E. J., & Porter, R. H. (1984). Noncooperative Collusion under Imperfect Price Information. Econometrica, 52(1), 87-100. https://www.jstor.org/stable/1911462
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