{"id":1927,"date":"2026-04-13T06:23:41","date_gmt":"2026-04-13T06:23:41","guid":{"rendered":"https:\/\/qsms.bme.hu\/?p=1927"},"modified":"2026-04-13T06:24:22","modified_gmt":"2026-04-13T06:24:22","slug":"march-30-toomas-hinnosaar-qsms-seminar","status":"publish","type":"post","link":"https:\/\/qsms.bme.hu\/index.php\/2026\/04\/13\/march-30-toomas-hinnosaar-qsms-seminar\/","title":{"rendered":"April 15: Toomas Hinnosaar (QSMS Seminar)"},"content":{"rendered":"\n<p>Toomas Hinnosaar (University of Nottingham) will present <em>&#8220;Collusion without Patience&#8221;<\/em> (with Jacopo Bizzotto) on April 15th, 2026, from 2:30 PM to 3:45 PM, in room QA404.<\/p>\n\n\n\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>Tacit collusion is usually linked to repeated interactions between patient firms. We show that it can also arise in a one-shot duopoly. When firms choose capacities and face outsourcing contracts with minimum order quantities, gaps in feasible outputs allow commitment not to sell intermediate quantities. For a range of parameters, there exists a collusive equilibrium in which both firms produce less and earn more than under competition. Three other equilibria can also arise: competitive, leadership, and miscoordination. We then extend the model to general two-sided limited commitment and show that it yields the same set of equilibria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toomas Hinnosaar (University of Nottingham) will present &#8220;Collusion without Patience&#8221; (with Jacopo Bizzotto) on April 15th, 2026, from 2:30 PM to 3:45 PM, in room QA404. Abstract: Tacit collusion is usually linked to repeated interactions between patient firms. We show that it can also arise in a one-shot duopoly. When firms choose capacities and face &hellip; <a href=\"https:\/\/qsms.bme.hu\/index.php\/2026\/04\/13\/march-30-toomas-hinnosaar-qsms-seminar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;April 15: Toomas Hinnosaar (QSMS Seminar)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,4,17],"tags":[],"class_list":["post-1927","post","type-post","status-publish","format-standard","hentry","category-event","category-news","category-seminar"],"_links":{"self":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/comments?post=1927"}],"version-history":[{"count":2,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1927\/revisions"}],"predecessor-version":[{"id":1929,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1927\/revisions\/1929"}],"wp:attachment":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/media?parent=1927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/categories?post=1927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/tags?post=1927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}