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
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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