TBA
2026-09-15 12:45 - 14:00 (Europe/Helsinki) | 15.1.39
Mikael Mäkimattila
(Aalto University)

“TBA”

Face to Face 15.2.71 – Room 15.1.39

Collusion without Patience
2026-09-22 12:45 - 14:00
Toomas Hinnosaar
(University of Nottingham)

“Collusion without Patience”
Abstract: Tacit collusion is usually linked to repeated interactions between patient firms. We show that it can also arise in a one-shot duopoly. When firms choose capacities and face outsourcing contracts with minimum order quantities, gaps in feasible outputs allow commitment not to sell intermediate quantities. For a range of parameters, there exists a collusive equilibrium in which both firms produce less and earn more than under competition. Three other equilibria can also arise: competitive, leadership, and miscoordination. We then extend the model to general two-sided limited commitment and show that it yields the same set of equilibria.
Face to Face 15.2.71 – Room 15.1.39

TBA
2026-09-29 12:45 - 14:00
Helene Mass
(University of Vienna)

“TBA”

Face to Face 15.2.71 – Room Seminar 15.1.39
