Excess Capacity, Sunk Costs and Collusion: A Non-Cooperative Bargaining Game

Michele Grillo; D. Cossutta

Excess Capacity, Sunk Costs and Collusion: A Non-Cooperative Bargaining Game

Michele Grillo, D. Cossutta

Università Cattolica del Sacro Cuore

Risultato della ricerca: Contributo in rivista › Articolo › peer review

6 Citazioni (Scopus)

Abstract

The paper models competition among firms which operate at excess capacity as a non-cooperative bargaining game. It is shown that, provided sunk costs are sufficiently high, collusion among firms will ensue. This result has been employed to provide a non traditional interpretation of both price and non-price competition in the European car market in recent years

Lingua originale	Inglese
pagine (da-a)	251-270
Numero di pagine	20
Rivista	International Journal of Industrial Organization
Stato di pubblicazione	Pubblicato - 1986

Keywords

collusion
sunk costs

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abstract = "The paper models competition among firms which operate at excess capacity as a non-cooperative bargaining game. It is shown that, provided sunk costs are sufficiently high, collusion among firms will ensue. This result has been employed to provide a non traditional interpretation of both price and non-price competition in the European car market in recent years",

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KW - collusion

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Excess Capacity, Sunk Costs and Collusion: A Non-Cooperative Bargaining Game

Abstract

Keywords

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