… losses due to retaliation, thereby making it more difficult to support collusion. As excess
capacity is used to support collusive outcomes, less capacity is needed if less collusion results. …

… a considerable degree of excess capacity, or a cementing of collusive arrangements in the
… (1977), that collusion will be more difficult to sustain with the appearance of excess capacity, …

… collusion in Bertrand supergames with (asymmetric) capacity … It is well-known that capacity
constraints affect tacit collusion, … all firms have the same capacity, which leads to ambiguous …

… Regarding the latter, we formalize a simple idea: collusive firms will carry excess capacity
to make their threats to act competitively more damaging, so that they obtain a more favorable …

… , through the emergence of excess capacity, to a breakdown of collusive pricing. We also …
the degree of excess capacity in the industry; while small amounts of excess capacity can lead …

… if the cost of capacity is small. To … excess capacity can credibly deter entry, the collusion
strategy might commonly be adopted. This suggests that the strategy of holding excess capacity …

… of capacity constraints on the sustainability of collusion in markets subject to cyclical demand
fluctuations. In the absence of capacity … demand movements on collusive behavior. Rand …

… Collusion when firms face capacity constraints, has recently been the focus of a … capacity
collusion in the DRAM market. Mergers increasing the ability of firms to coordinate on capacity …

… Hence, we provide a testable prediction that excess capacity rates should increase with the
number of firms in an industry that is colluding on capacity. Having established these results …

… In the case of triopolies, there is no relationship between excess capacity and failed collusion
attempts (Spearman's ρ = 0.01, ρ = 0.958.) Although a natural candidate for collusion, ρ — …