Academic
Publications
Multimarket Contact and Collusive Behavior

Multimarket Contact and Collusive Behavior,10.2307/2555490,Rand Journal of Economics,B. Douglas Bernheim,Michael D. Whinston

Multimarket Contact and Collusive Behavior   (Citations: 389)
BibTex | RIS | RefWorks Download
Traditional analyses of industrial behavior typically link the exercise of market power in an industry to internal features such as demand conditions, concentration, and barriers-to-entry. Nevertheless, some economists have remained concerned that external factors, such as contact across markets, may also play a significant role in determining the level of competitiveness in any particular industry. In this article, we examine the effect of multimarket contact on the degree of cooperation that firms can sustain in settings of repeated competition. We isolate conditions under which multimarket contact facilitates collusion and show that these collusive gains are achieved through modes of behavior that have been identified in previous empirical studies of multimarket firms.
Journal: Rand Journal of Economics - RAND J ECON , vol. 21, no. 1, 1990
Cumulative Annual
View Publication
The following links allow you to view full publications. These links are maintained by other sources not affiliated with Microsoft Academic Search.
Sort by: