A Cooperative Analysis of Covert Collusion in Oligopolistic Industries

Jingang Zhao

International Journal of Game Theory, 1997, vol. 26, issue 2, 249-266

Abstract: This paper provides existence results for a large class of covertly collusive outcomes in oligopoly markets. In particular, the paper shows that the Alpha-core is non-empty in linear industries with any asymmetric costs and any asymmetric capacity bounds (JEL C62, C71, D43, L13).

Date: 1998-05-19
Note: Received March 1995 Revised version August 1995
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