Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

This paper experimentally analyzes the determinants of the honesty norm in a lying game. The findings confirm common gender differences, i.e., men cheat significantly more than women. We detect a novel correlation between subjects' magnitude of concern they have for others (social value...