If literature has widely covered collusion in horizontal markets, it has not given enough attention to collusion in vertical markets, and more precisely on how to properly evaluate the impact of cartels on total welfare. As we observe convictions for collusion among prominent manufacturers, economists try to advise authorities on new approaches to … Continue reading Should we use new economic methods to assess the impact of collusion on welfare in vertical markets? The example of the “Yoghurt case”
The TSEconomist 