There is little doubt that the fight against cartels is one of the most important objectives of Antitrust Authorities, and the European Commission (EC herewith) represents no exception in this regard. While the Leniency Policy has been successful in triggering evidence by cartel participants and...

This main sections of this annotated bibliography were prepared by the author between 1998 and 2002. The revisions undertaken until January 2006 are selective and do not claim to be complete. The paper has no official character and merely reflects the views of the author. Its purpose is to...

We consider a double-sided moral hazard problem where each party can renege on the signed contract since there does not exist any verifiable performance signal. It is shown that ex-post litigation can restore incentives of the agent. Moreover, when the litigation can be settled by the parties...