I don't know the literature, and what assumptions they make in there, but out in the real world the lightbulb cartel lasted from 1924 till 1942 or thereabouts. The keyword to look for is "Phoebus Cartel". Also, recently in the news: the Silicon Valley wage-fixing cartel.
They may be hard to maintain, but they do spring up and may exert power while alive.
1) There is a scientific basis for the 10.000 hours, the "greatest" achievement generally attributed to Phoebus[1]:
> For a supply voltage V near the rated voltage of the lamp:
Light output is approximately proportional to V 3.4
Power consumption is approximately proportional to V 1.6
Lifetime is approximately proportional to V −16
Color temperature is approximately proportional to V 0.42[88]
> In the late 1920s a Swedish-Danish-Norwegian union of companies
(the North European Luma Co-op Society) began planning an independent
manufacturing centre. Economic and legal threats by Phoebus did not
achieve the desired effect, and in 1931 the Scandinavians produced and
sold lamps at a considerably lower price than Phoebus.
They may be hard to maintain, but they do spring up and may exert power while alive.