Study offers new view of how cartels work
Saturday, December 22, 2018 - 16:00
in Mathematics & Economics
Suppose you were building a cartel — a group of business interests who coordinate to fix high prices that consumers must pay. How would you design it? Received economic wisdom says transparency among cartel members is crucial: If colluding suppliers share information, they can keep prices high and monitor members of the cartel to make […]