The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Collusion

  • Kevin Roberts
Living reference work entry
First Online:
Received:
Accepted:
DOI: https://doi.org/10.1057/978-1-349-95121-5_22-1
How to cite

Abstract

Although collusive practices are not restricted to the economic relationships of a well-defined sub-group in society, it is common to use the term collusion in the context of cooperative activity between different firms. With regard to the study of collusion, research has centred on the conditions most conducive to collusion and, in both theoretical and empirical work on the operation of collusive arrangements (see Scherer 1980, Chaps. 6 and 7).

Keywords

Private Information Adverse Selection Nash Bargaining Solution Informational Asymmetry Collusive Behaviour 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, log in to check access.

Bibliography

  1. Abreu, D. 1986. Extremal equilibrium of oligopolistic supergames. Journal of Economic Theory 39(1): 191–225.CrossRefGoogle Scholar
  2. Friedman, J. 1971. A non-cooperative equilibrium for supergames. Review of Economic Studies 38(1): 1–12.CrossRefGoogle Scholar
  3. Green, E., and R. Porter. 1984. Noncooperative collusion under imperfect price information. Econometrica 52(1): 87–100.CrossRefGoogle Scholar
  4. Nash, J. 1950. The bargaining problem. Econometrica 18(2): 155–162.CrossRefGoogle Scholar
  5. Porter, R. 1983. Optimal cartel trigger price strategies. Journal of Economic Theory 29(2): 313–338.CrossRefGoogle Scholar
  6. Roberts, K. 1983. Self-agreed cartel rules. IMSSS Discussion Paper No. 427, Stanford.Google Scholar
  7. Roberts, K. 1985. Cartel behaviour and adverse selection. Journal of Industrial Economics 33(4): 401–413.CrossRefGoogle Scholar
  8. Rubinstein, A. 1979. Equilibrium in supergames with the overtaking criterion. Journal of Economic Theory 21(1): 1–9.CrossRefGoogle Scholar
  9. Scherer, F. 1980. Industrial market structure and economic performance, 2nd ed. Chicago: Rand McNally.Google Scholar
  10. Stigler, G.J. 1964. A theory of oligopoly. Journal of Political Economy 72(1): 44–61.CrossRefGoogle Scholar

Copyright information

© The Author(s) 1987

Authors and Affiliations

  • Kevin Roberts
    • 1
  1. 1.