Silas, well said. I note that Bob Murphy has linked to this post.
BTW, while I agree that Hamermesh's experiment showed the difficulty of collusion in a free market, I doubt that was his intended "point".
Regards,
Tom
Silas, well said. I note that Bob Murphy has linked to this post.
BTW, while I agree that Hamermesh's experiment showed the difficulty of collusion in a free market, I doubt that was his intended "point".
Regards,
Tom