Standardization and the stability of collusion

We characterize the interplay between firms' decision in terms of product standardization and the nature of their ensuing market behaviour. We prove the existence of a nonmonotone relationship between firms' decision at the product stage and their intertemporal preferences.


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Critical discount factor, Product innovation, RJVs

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AuthorsLambertini, Luca (Dept of Economics, University of Bologna, Italy), Poddar, Sougata (Catholic University of Louvain, Belgium), Sasaki, Dan (Economics Dept, University of Melbourne, Australia)
Publisher:Elsevier Science S.A.
Keywords:Critical discount factor, Product innovation, RJVs
Last update:1998