An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …

We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels. One third of … organization, or external threats. Cartels use three main approaches to raise profits: Price, market allocation, and specialization …. These appear to be substitutes. Choosing one has implications on how cartels deal with instability. Simplifying, we find …

This paper first discusses how the market is delineated in some recent antitrust cases in the printed media industry …

conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …

antitrust authority. Although the information improves upon the quality of the authority’s decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …

In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some …

Antitrust policy involves not just the regulation of anti-competitive behavior, but also an important deterrence effect … unable to empirically measure these effects. We consider the ability of different antitrust actions – Prohibitions, Remedies … empirically estimate the impact of antitrust actions on future merger frequencies. We find merger prohibitions to lead to …