An economic theoretical analysis of collusive behavior: Based on the international iron ore industry as an example
Durham University Business School, Durham University, Durham, UK
ABSTRACT: This paper will take the international iron ore industry as an example to focus on the collusion between oligopolists. At present, the global iron ore market is an oligopoly market, with a few companies controlling iron ore production volume and market transaction prices. This paper mainly analyzes the game process and results of oligopolists in the international iron ore industry, and explains the causes of collusion and its impact on the economy and society. The research shows that the oligarchic collusion in ...
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