A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement.OCLC-licensed vendor bibliographic record.
Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and…