2 ms·
Empirically, a cartel of 2 can be quite stable With 3 or 4 members it gets harder, and with 5 or more someone will soon undercut the others. In secret or public
by BurningFrog 2y ago
Empirically, a cartel of 2 can be quite stable With 3 or 4 members it gets harder, and with 5 or more someone will soon undercut the others. In secret or publicly.
The landlord cartel theory requires landlords both to have unselfish solidarity with other landlords, and be selfishly greedy against renters.
- nottorp 2y agoApparently this application that we're talking about eliminates the inefficiencies in maintaining a cartel with a multitude of members.