Motchenkova, E.

price cartel cartel price welfare model probability cartel price converges detection condition converge infinitely-repeated oligopoly model detection probability equilibrium discount profit factor oligopoly period result discount factor cartel prices cartel price p harrington enforcement δ → 1. 1 − δ convergence convergence result price pn price p economic detection probabilities profile discount factor δ δγ β p function infinitely-repeated vu university amsterdam strategy detection technology strategy profile houba increase γ δβ p strategy profiles ≥ 0 letter technology monopoly bertrand amsterdam decrease section competition right proposition future profits monopoly price equilibrium price equilibrium conditions non-decreasing life expectancy bertrand model pricing matter value netherland welfare loss probability γ welfare increases oligopoly models journal oligopoly model monopoly pricing university equilibrium condition 39–42 order p ≤ pm n γ δβ