Hinloopen, Jeroen; Soetevent, Adriaan R. - In: RAND Journal of Economics 39 (2008) 2, pp. 607-616
The number of cartels detected in the United States and in Europe has increased considerably since the introduction of … corporate leniency programs in antitrust legislation. It cannot, however, be ruled out that this apparent success results in … by use of an experiment. We find that in the lab (i) fewer cartels are established when a leniency program is in place …