IDENTIFYING IMPLICIT COLLUSION UNDER DECLINING OUTPUT DEMAND

The "trigger price" oligopoly model is used to develop a test for oligopolistic as well as oligopsonistic conduct by observing how an industry responds to unexpected declines in output demand. The hypothesis that U.S. beef packers maintain cooperative pricing strategies is rejected.
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Weliwita, Ananda; Azzam, Azzeddine M., IDENTIFYING IMPLICIT COLLUSION UNDER DECLINING OUTPUT DEMAND, Journal of Agricultural and Resource Economics, Volume 21, Issue 2, December 1996, Pages 235-246

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