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From a methodological point of view, the message of this chapter is that explicit collusion can and should be analysed as the solution of a non-cooperative game.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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unconstrained monopoly profit, fanatic predator, positive entry value, geographical price discrimination, partial cartel, collusion detection, joint profit maximisation, weak monopolists, collusive game, collusive profits, collusive equilibrium, sunk entry costs, cartel contract, flour additives, cartel manager, explicit collusion, tacit collusion, profit frontier, alleged predator, collusive outcome, first price sealed bid auction, normal competition, bus miles, basing point system, predatory price cutting
Key Phrases - Capitalized Phrases (CAPs):
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Allied Mills, North American, Treaty of Rome, European Court of Justice, Roman Treaty, European Commission, Time Market
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