Browsing Working Papers by Author "Guzmán, Juan Ignacio"

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    • Welfare-enhancing collusion in the presence of a competitive fringe 

      Montero, Juan-Pablo; Guzmán, Juan Ignacio (MIT Center for Energy and Environmental Policy Research, 2005)
      Following the structure of many commodity markets, we consider a reduced number of large firms and a competitive fringe of many small suppliers choosing quantities in an infinitehorizon setting subject to demand shocks. ...