Schinkel, Maarten-Pieter; Toth, Lukas - 2019 - Revision: March 2020
environment, their agreements may be exempted from cartel law. To qualify, the public benefits must compensate consumers for … model. The required compensating public good level decreases in each consumer’s willingness to pay, which is contrary to the … sustainable, since those consumers that are damaged most by the cartel price increase, by self-selection also have the lowest …