explicit collusion

explicit collusion

a situation where a small group of OLIGOPOLISTS recognize their MUTUAL INTERDEPENDENCE and act to coordinate their behaviour through an explicit agreement such as a CARTEL. Compare TACIT COLLUSION.
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There is no destabilisation of any neighbours from Afghanistan taking place through implicit or explicit collusion.
We can also expect regime changes in the variance, while passing from the collusive agreement phase to the competition phase; however, it cannot be stated whether that phase is the punishment phase in a repeated game, or a breakdown of an explicit collusion cartel brought about by some other causes (1).
EXPLICIT--Strategic management texts vary greatly in the coverage of collusion, although most differentiate between express or explicit collusion and tacit collusion.
In May, the watchdog said there were serious problems in the way the market operated but said there was no explicit collusion.
But they said there was not explicit collusion between these producers.
In this Article, we provide a taxonomy for plus factors as well as a methodology for ranking plus factors in terms of their strength for inferring explicit collusion, the strongest of which are referred to as "super plus factors.
The FTC investigation "uncovered no evidence of tacit or explicit collusion among market participants," the agency's chairman, Robert Pitofsky, wrote Rep.
From a public policy standpoint this result is important because dealers are not explicitly cooperating to fix prices; that is, excess spreads can arise without explicit collusion.
Fewer players in the market will create an opportunity for implicit or explicit collusion, and small customers will be the biggest losers.
The watchdog said there was no explicit collusion between the firms; rather, there were conditions which allow them to coordinate their behaviour.
From an economic perspective, the results of explicit collusion and the results of tacit collusion may be precisely the same.