Hinloopen, Jeroen; Onderstal, Sander - Tinbergen Instituut - 2009
the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and …, destabilizes cartels, reduces the probability that a cartel re-establishes, and reduces theaverage winning bid. In contrast, while … reduces the winning cartel bid.<P> Forthcoming in the <I>European Economic Review</I>. …