||2 of 2 people found the following review helpful.| A thorough explanation of why entities collude and what to do about it|By Jack Rivkin|Have not seen anything as thorough on the topic of monopolies and lesser collusions. Worth reading for the lay person and all involved in the topic including company CEOs. Marshall and Marx have done a real service. It is a technical book but includes much that the lay person can understand.
Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and incentives for deviation by their members. In The Economics of Collu... [PDF.hh44] Leman The Economics of Collusion: Cartels and Bidding Rings (MIT Press) Rating: 4.96 (624 Votes)
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You easily download any file type for your gadget.The Economics of Collusion: Cartels and Bidding Rings (MIT Press) | Robert C. Marshall, Leslie M. Marx.Not only was the story interesting, engaging and relatable, it also teaches lessons.
