We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …

emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …

-scale experiment was setup where in 2 of the 26 Dutch regions case workers of the disability insurance administration were instructed …