Strategy revision opportunities and collusion
Research output: Contribution to journal › Article
This paper studies whether and how strategy revision opportunities affect levels of collusion in indefinitely repeated two-player games. Consistent with standard theory, we find that such opportunities do not affect strategy choices, or collusion levels, if the game is of strategic substitutes. In games of strategic complements, by contrast, revision opportunities lead to more collusion. We discuss alternative explanations for this result.
|Research areas and keywords||
Subject classification (UKÄ) – MANDATORY
|Number of pages||23|
|Early online date||2018 Jul 4|
|Publication status||Published - 2019 Dec|