This paper studies the effects, leniency programs have on cartel stability and the subsequent abuse of market power. A game-theoretical model, which allows for asymmetry and retaliation, is employed to analyze this problem. We find that a leniency program does not always lead to a breach of...

This paper studies the application of leniency programs. An analysis of the structure and design of leniency programs and existing literature raises a new question: Are leniency programs effective, in the sense that they deter cartels from formation, in asymmetrical markets? A game theoretical...

Since a number of years, the NMa publishes the economic outcome of its interventions in markets through merger control, antitrust and regulation. The outcome is measured in terms of consumer surplus, reflecting NMa’s goal to foster consumer welfare by improving competition. The publication of...

This paper studies the application of leniency programs. An analysis of the structure and design of leniency programs and existing literature raises a new question: Are leniency programs effective, in the sense that they deter cartels from formation, in asymmetrical markets? A game theoretical...