1. The regulatory environment : antitrust law and enforcement in the US and the EU -- 2. Oligopoly markets, collusion, and the operation of cartels -- 3. The historical background -- 4. Globalization and corporate collusion -- 5. Collusion in the industrialized world : the structure of the...

This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...