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.

Keywords
Collusion, Oligopolistic Markets, Game theory
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