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We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10008531430
We analyze the distribution of economic activity across space for different types of activity and different levels of … aggregation. Not only is this distribution highly uneven (independently of the type of activity and level of aggregation), it is …
Persistent link: https://www.econbiz.de/10005136950