Stigler on price fixing

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After only 227 pages does @NZComCom reveal its criteria for markets predisposed to collusion

@NZComCom sees this price discounting as evidence of a stable cartel or tight oligopoly

Despite itself, @nzcomcom reveals rampant secret price discounting in the petrol cartel/oligopoly

Carlton and Peltzman on who founded the modern theory of competition and oligopoly

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Why some bastard will always cheat on the agreement. Get your retaliation in first too.

Why don’t duopolists just collude to replicate the monopoly price

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Introduction to Microeconomics (Lecture 4: Price Controls in the Oil Industry) Murray N. Rothbard 1986

Paul Samuelson (1963) on oil cartel stability and cheating

My @DomPost op-ed on petrol pricing and the theory of the empty core @EricCrampton

From http://www.stuff.co.nz/business/103548451/Petrol-prices-competitive-but-inherently-crazy?cid=app-android

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NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

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