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Does Collusion without Communication Exist?

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Author Info

  • Muren, Astri

    ()
    (Dept. of Economics, Stockholm University)

  • Pyddoke, Roger

    (Swedish Institute for Transportation and Communications Analysis)

Abstract

Tacit cartels did not arise in experimental triopoly markets even with the help of detailed instructions to prospective cartel members on how to coordinate actions. In duopoly markets tacit cartels were successful, with winning bids and supporting "pass" bids increasing gradually. A simulated third bidder, entering whit known probability, prevented the buildup of cartel prices in duopoly markets. We suggest that support for each other. In markets with more than two sellers the inability to communicate appears to prevent the creation of mutual trust.

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Bibliographic Info

Paper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number 1999:11.

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Length: 15 pages
Date of creation: 14 Jul 1999
Date of revision:
Handle: RePEc:hhs:sunrpe:1999_0011

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Related research

Keywords: Tacit collusion; laboratory experiment;

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Cited by:
  1. Suetens, S., 2004. "Literature review: R&D cooperation in oligopoly with spillovers: An experimental economics approach," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3529827, Tilburg University.

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