Bertrand colludes more than CournotBertrand colludes more than Cournot
Faculty of Applied Economics
Antwerpen :UA, 2005[*]2005
Research paper / UA, Faculty of Applied Economics ; 2005:37
University of Antwerp
On the basis of evidence of past oligopoly experiments, we argue that there is often significantly more tacit collusion in Bertrand price-choice than in Cournot quantity-choice markets.