IDEAS home Printed from https://ideas.repec.org/p/gue/guelph/1993-10.html
   My bibliography  Save this paper

Tacit Collusion

Author

Listed:
  • Rees, R.

Abstract

Tacit collusion is rationalized as a non-cooperative equilibrium of a repeated game. The paper first surveys the recent game-theoretic literature on collusive equilibrium supported by threats of retaliation against deviation. It then discusses the practices which firms adopt to facilitate the achievement and maintenance of such equilibria. It concludes by relating the discussion to anti-trust policy in the U.S., U.K. and EEC. A policy based on illegality of conduct, such as that in the U.S. and EEC, is incapable of dealing effectively with tacit collusion because no overt conspiracy in involved. A policy which evaluates the economic efficiency of outcomes, whatever the conduct, is more effective. This should be taken into account in the proposed reshaping of U.K. competition policy. Copyright 1993 by Oxford University Press.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Rees, R., 1993. "Tacit Collusion," Working Papers 1993-10, University of Guelph, Department of Economics and Finance.
  • Handle: RePEc:gue:guelph:1993-10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marcelo Resende & Rodrigo M. Zeidan, 2011. "Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study," CESifo Working Paper Series 3623, CESifo.
    2. Randøy, Trond & Strandenes, Siri Pettersen, 1997. "The effect of public ownership and deregulation in the Scandinavian airline industry," Journal of Air Transport Management, Elsevier, vol. 3(4), pages 211-215.
    3. Kesternich, Iris & Schumacher, Heiner, 2009. "On the Use of Information in Repeated Insurance Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 280, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    4. Verboven, Frank, 1997. "Collusive behavior with heterogeneous firms," Journal of Economic Behavior & Organization, Elsevier, vol. 33(1), pages 121-136, May.

    More about this item

    Keywords

    decision making;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gue:guelph:1993-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stephen Kosempel (email available below). General contact details of provider: https://edirc.repec.org/data/degueca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.