Publisher's Synopsis
Excerpt from Collusive Price Leadership
In many industries pricing is characterized by price leadership: one of the firms announces a price change in advance of the date at which the new price will take effect and the new price is swiftly matched by the other firms in the industry. Strikingly, a long time elapses between price changes (often a year or more) and price changes are usually matched to the penny even when the products are differentiated.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
