AN EXPERIMENT ON INNOVATION AND COLLUSION
通过实验室实验，研究了产品创新如何影响价格合谋的成功，发现低创新市场中价格更高，因为参与者更依赖共同市场经验，将合谋视为唯一盈利途径。
This paper examines the relationship between product innovation and the success of price collusion using novel laboratory experiments. Average market prices in low innovation (LO) experiments are significantly higher than those in high innovation, but otherwise identical experiments. This price difference is attributed to LO experimental subjects' greater common market experience. The data illustrate how collusion can be perceived as the “only way to make it” in LO markets where product innovation is not a viable strategy for increasing profits. They suggest that product homogeneity can be a proximate cause, and product innovation an ultimate cause, of collusion.