ON THE EFFECT OF TRADE LIBERALIZATION UPON COLLUSION
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概要
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I show that collusive behavior may appear when firms expect that barriers to international trade will be removed in the future. For that purpose, applying the spatial competition model a la Hotelling, I construct a two-stage game in which two firms compete by setting their prices for two stages. One property of the game critical to the result is that the second stage game has multiple and asymmetric equilibria.
- 慶應義塾大学の論文