2006•Journal of Zhengzhou Institute of Aeronautical Industry ManagementRequires access
Product Differentiation and Cartel Stability
Xingyu Yan
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Abstract
This paper employs a supergame model to indicate that product differentiation can increase cartel stability aiming at the intuition that product differentiation makes cartel maintaining more difficult.Furthermore,this paper gives traditional cartel a new meaning,which hopes firms can establish coalition with new meaning in order to surpass price competition and advance their international competitive power.