Val E. Lambson

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Dekel, Lipman, and Rustichini [2008] attempt "[to identify] the broadest possible set of temptation-driven behavior." They argue that a desire for commitment characterizes such behavior. However, we argue that they go too far by including preferences which are not temptation-driven. We introduce two axioms which are stronger than their Desire for Commitment(More)
Localized Competition, Multimarket Operation and Collusive Behavior by Frank Verboven This paper studies collusive behavior in a repeated oligopoly model with localized competition. Private information about the rivals' past actions naturally arises from this product market structure. The resulting communication problems imply that firms should adopt(More)
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