Cooperation and efficiency in markets /
Milan Horniacek
- Verlag : Springer, 2011
- vii, 92p. 23cm.
- Lecture notes in economics & mathematical systems; 649 .
The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. The book studies this issue using an infinitely countably repeated game with discounting of future single period payoffs.