disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …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 …

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 …

We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to … detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy … considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a …

We study antitrust enforcement in which the fine must obey four legal principles: punishments should fit the crime …-repeated oligopoly model. Bankruptcy considerations ensure abnormal cartel profits. We derive the optimal fine schedule that achieves …

policy enforcement. This paper proofs this intuition wrong. As extending the repose period reduces cartel members' defection …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal … the antitrust authority and the leniency program are directed exclusively to the most straightforward collusive scheme …

screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel … was found to have abused the basing-point system, our method can be used to estimate antitrust damages. …

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

We formulate a simple model of optimal defensive disclosure by a monopolist facinguncertain antitrust enforcement and …