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collusion |
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collusion a secret agreement between opponents at law in order to obtain a judicial decision for some wrongful or improper purpose How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For example, a firm with a large market share may face a higher probability of being charged with collusive pricing or predatory pricing (the "lightning rod" effect). The results generally support the theoretical models' Nash subgame perfect equilibrium predictions, although they also suggest conditions that may lead to collusive pricing behavior--namely when the industry is characterized by cost uncertainty and complement products. |
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