Title

Collusion in Oligopoly: An Experiment on the Effect of Numbers and Information

Date of Original Version

5-1968

Type

Article

Abstract or Description

Despite considerable scholarly effort, no theory has provided reliable predictions of price or output in oligopoly markets. Techniques have not been found which can unravel the complex interdependencies between firms. As long as the consequence of each firm's actions depend in large measure on the unknown reactions of other firms, rational behavior (for the firm) will be difficult to define.

DOI

10.2307/1885896

 

Published In

The Quarterly Journal of Economics, 82, 2, 240-259.