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  • Cited by 71
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    • Publisher:
      Cambridge University Press
      Publication date:
      23 September 2009
      19 October 1995
      ISBN:
      9780511522055
      9780521498715
      DOI:
      https://doi.org/10.1017/CBO9780511522055
      Dimensions:
      Weight & Pages:
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.418kg, 292 Pages
      • Subjects:
      Economics, Industrial Economics
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    Subjects:
    Economics, Industrial Economics
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    Book description

    This book uses game theory to analyse anti-competitive behaviour among firms and to consider its implications for competition policy. Part I focuses on 'explicit collusion': the author proves that 'four are few and six are many', and shows how cartels can be enforced under imperfect and incomplete information. Part II on 'tacit collusion' discusses the informational requirements of collusion detection in noncooperative repeated games. In Part III on 'semicollusion', excess capacity is shown to reinforce collusion. Part IV is devoted to the detection of predatory pricing. In this book, Louis Phlips applies the latest economic theory to a discussion of several European antitrust decisions and empirical studies. The presentation of case studies, combined with a clear exposition of the theory, will make this book invaluable to teachers and students of competition policy.

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