Detection of collusion in an industry with application of wavelet analysis – theoretical model
Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2010, Vol 41, Issue 1
Abstract
In this paper a supergame model of collusion based on fixed cartel quota exogenously provided by cartel members’ agreement is developed. The model provides theoretical motivation of price wars and variance screen of collusion. We use the model to explain behavior of well known Lysine conspiracy members. In a second part of a research we will verify usefulness of a variance marker in an empirical example with application of wavelet analysis.
Authors and Affiliations
Sylwester Bejger
Keywords
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