Cooperation V. Rivalry and factors facilitating collusion

David I. Rosenbaum; Leslie D. Manns

doi:10.1007/BF01026587

Cooperation V. Rivalry and factors facilitating collusion

David I. Rosenbaum, Leslie D. Manns

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

A perennial topic in industrial economics is collusion. Kwoka and Ravenscraft (1986) developed a model to measure the collusiveness of conjectures across industries as a function of intra-industry rivalry among leading firms. But extensive literature suggests that the degree of collusion may also depend upon underlying market characteristics. We modify the Kwoka and Ravenscraft model to account for this. Our results suggest that underlying market characteristics do matter. Intra-industry rivalry and conjectures vary with the level and stability of concentration, and to a lesser degree with product homogeneity.

Original language	English (US)
Pages (from-to)	823-838
Number of pages	16
Journal	Review of Industrial Organization
Volume	9
Issue number	6
DOIs	https://doi.org/10.1007/BF01026587
State	Published - Dec 1994

Keywords

Collusion
conjectures

ASJC Scopus subject areas

Economics and Econometrics
Strategy and Management
Organizational Behavior and Human Resource Management
Management of Technology and Innovation

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10.1007/BF01026587

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abstract = "A perennial topic in industrial economics is collusion. Kwoka and Ravenscraft (1986) developed a model to measure the collusiveness of conjectures across industries as a function of intra-industry rivalry among leading firms. But extensive literature suggests that the degree of collusion may also depend upon underlying market characteristics. We modify the Kwoka and Ravenscraft model to account for this. Our results suggest that underlying market characteristics do matter. Intra-industry rivalry and conjectures vary with the level and stability of concentration, and to a lesser degree with product homogeneity.",

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AU - Manns, Leslie D.

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AB - A perennial topic in industrial economics is collusion. Kwoka and Ravenscraft (1986) developed a model to measure the collusiveness of conjectures across industries as a function of intra-industry rivalry among leading firms. But extensive literature suggests that the degree of collusion may also depend upon underlying market characteristics. We modify the Kwoka and Ravenscraft model to account for this. Our results suggest that underlying market characteristics do matter. Intra-industry rivalry and conjectures vary with the level and stability of concentration, and to a lesser degree with product homogeneity.

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KW - conjectures

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Cooperation V. Rivalry and factors facilitating collusion

Abstract

Keywords

ASJC Scopus subject areas

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