Lecture 15: Implicit Cartels // TRAIN BRAIN

Lecture 15: Implicit Cartels

MIT 14.12 Economic Applications of Game Theory, Fall 2025
Instructor: Ian Ball
View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63quuKvMHCt3cmTmt0O2qpv
In this lecture, Ian Ball discusses cartels, which is a group of independent market participants who collaborate with each other and avoid competing with each other in order to improve their profits and dominate the market. OPEC is a classic example.
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