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Why parties in a cartel will cheat : Why Parties to Cartels Cheat

By Sal Khan

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Book Id: WPLBN0002825941
Format Type: Video (Educational Video)
File Size:
Reproduction Date: 2012

Title: Why parties in a cartel will cheat : Why Parties to Cartels Cheat  
Author: Sal Khan
Volume: Microeconomics series
Language: English
Subject: Science, Science & Economics, Microeconomics
Collections: Educational Videos, Why parties in a cartel will cheat series
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Publication Date:
Publisher: Khan Academy
Member Page: Khan Academy

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Khan, S. (n.d.). Why parties in a cartel will cheat : Why Parties to Cartels Cheat. Retrieved from http://worldebookfair.com/


Description
Why duopolists would benefit to form a cartel and why it makes sense for them to cheat

Summary
Topics covered in a traditional college level introductory microeconomics course

Excerpt
You know what Nash equilibrium is (from the other tutorial). Now we apply it to a scenario that is fairly realistic--parties to a cartel cheating. A cartel is a group of actors that agree (sometimes illegally) to coordinate their production/pricing to max

Table of Contents
microeconomics

 

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