Collusion and Game theory
| Vol-4 | Issue-03 | March 2019 | Published Online: 13 March 2019 PDF ( 93 KB ) | ||
| Abstract | ||
A mystery understanding between at least two gatherings to restrict open rivalry by deluding, misdirecting, or cheating others of their legitimate rights, or to get a goal taboo by law regularly by duping or increasing an unreasonable market advantage is a case of collusion. Collusion is any explicit or tacit agreement between suppliers in a market to stay away from rivalry either by value fixing or market sharing. The fundamental point is to accomplish a degree of joint benefits like what may be accomplished by an unadulterated monopolist. |
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| Keywords | ||
| Collusion, Oligopolistic Markets, Game theory | ||
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