TITLE:
Non-Cooperative Collusion in Static and Dynamic Oligopolies
AUTHORS:
Stephen B. Wolf
KEYWORDS:
Game Theory; Oligopoly; Collusion
JOURNAL NAME:
Theoretical Economics Letters,
Vol.3 No.6,
December
18,
2013
ABSTRACT: This paper provides an analysis of collusion in oligopolies from a
game-theoretic perspective. It first provides a basic survey of oligopoly
models and then uses game theory to analyze non-cooperative or tacit collusion
in these models, in a way that should be accessible to undergraduate economics
students. In this way, the author characterizes the conditions under which
collusive behavior might occur. Importantly, this paper draws its conclusions by using
relatively basic methods with which those foreign to the subject should
be able to understand.