Construct · 1 fields · 1 citations

tacit collusion: a standalone construct

One name. One construct. A landmark on the map.

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Industrial organization

firms sustaining high prices without explicit agreement, with occasional price wars triggered when demand signals are ambiguous.

In industrial organization, tacit collusion refers to firms sustaining high prices without explicit agreement, with occasional price wars triggered when demand signals are ambiguous. This meaning comes from Green (1984) in Econometrica.[1]

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Nearby constructs

agreement4 fields · 7 citationsjingle · one word, four constructs demand4 fields · 4 citationsjingle · one word, four constructs disruptive innovation3 names · 4 citationsjangle · one term, contested meanings

References

Green, E. J., & Porter, R. H. (1984). Noncooperative Collusion under Imperfect Price Information. Econometrica, 52(1), 87. https://doi.org/10.2307/1911462

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