Detail Collusion Over The Business Cycle   Oleh:  Bagwell, Kyle ; Staiger, Robert Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 1 (1997), page 82-106. Topik: business cycle; collusion; business cycle Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We present a theory of collusive pricing for markets in which demand alternates stochastically between fast - growth (boom) and slow - growth (recession) phases. We show that : 1. the most - collusive prices are weakly procyclical (countercyclical) when demand growth rates are positively (negatively) correlated through time, and 2. the amplitude of the collusive pricing cycle is larger when the expected duration of boom phases decreases and when the expected duration of recession phases increases. We also cycle a generalization of rotemberg and saloner's (1986) model, interpreting their finidngs in terms of transitory demand shocks that occur within broader business cycle phases. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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