Optimal Cartel Equilibria with Imperfect Monitoring

Dilip Abreu, David G. Pearce and Ennio Stacchetti

No 726, Cowles Foundation Discussion Papers from Cowles Foundation, Yale University

Abstract: There exist optimal symmetric equilibria in the Green-Porter model [5, 8] having an elementary intertemporal structure. Such an equilibrium is described entirely by two subsets of price space and two quantities, the only production levels used by firms in any contingency. The central technique employed in the analysis is the reduction of the repeated game to a family of static games.

Keywords: Optimal symmetric cartel equilibria; cartels; imperfect monitoring (search for similar items in EconPapers)
Date: Written 1984-10
Note: CFP 656.
View list of references View citations in EconPapers

Published in Journal of Economic Theory (June 1986), 39(1): 251-269

Downloads: (external link)
http://cowles.econ.yale.edu/P/cp/p06b/p0656.pdf (application/pdf)
http://cowles.econ.yale.edu/P/cd/d07a/d0726.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Persistent link: http://EconPapers.repec.org/RePEc:cwl:cwldpp:726

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation, Yale University
Address: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Contact information at EDIRC.
Series data maintained by Glena Ames ().