Abstract:
This paper analyses the incentives for collusion when an industry is regulated by means of yardstick competition. The central assumption is that firms must write collusive side contracts before the revelation of private information are unable to communicate later.
Keywords:COMPETITION; COLLUSION; REGULATION (search for similar items in EconPapers) JEL-codes:L51 (search for similar items in EconPapers) Date: 1999
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More papers in Working Papers from Stockholm - International Economic Studies Address: UNIVERSITY OF STOCKHOLM, INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES, S- 106 91 STOCKHOLM SWEDEN. Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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