Author :
Kamarei, Hossein,Morrison, Clarence C.
Title of Article :
Some Experimental Evidence Regarding Collusion
Title Of Periodical :
ATLANTIC ECONOMIC JOURNAL
Descriptors :
collusion,experimental evidence,general equilibrium
Abstract :
Experimental investigations of collusion have focused on two factors -- the number of rivals in the market and the opportunity to collude. A number of studies beginning with Fouraker and Siegel [1963] and including Dolbear, Lave, et al. [1968] and Friedman and Hoggatt [1980] have discerned a tendency toward tacit collusion the smaller the number of rivals. Holt [1985] has observed tacit collusion in duopoly experiments. Isaac and Plott [1981], Issac, Ramey, and Williams[1984], and Isaac and Walker [1985] have investigated the relationship between the opportunity to collude and market outcome. This study presents some experimentally generated examples of both overt and tacit collusion.
