Why is there an incentive for each member of a cartel to


What are the gains from collusion? Why is there an incentive for each member of a cartel to cheat by producing more than the agreed-on amount? What is the "prisoner's dilemma" and how is it related to the problem of cheating? What are the other problems facing cartels?

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Econometrics: Why is there an incentive for each member of a cartel to
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