Quarterly Journal of Austrian Economics

전용덕 - A Note on Cartels (다운로드)

요약문

Cartels, characterized by activities such as simultaneous price increases or decreases, or virtual price identity at almost the same time, without explicit communications or agreements, have long been discussed. For the first time, in this article, the price leadership model is suggested as an explanation.

  1. EMPIRICAL FACTS AND THE QUESTION RAISED
  2. THE UNHAMPERED MARKET AND THE HAMPERED MARKET
  3. THE CARTEL THEORY OF ROTHBARD-SALIN
  4. THE VIEWPOINT AND IMPLICATIONS
  5. CRITIQUES OF THE PRICE LEADERSHIP MODEL AND THE REPEATED GAME MODEL
  6. CONCLUSION

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