previous literature, we assume that the administration of the cartel crucially depends on the existence of the hard evidence … enhance the stability of the cartel. Additionally, we prove that firms are more inclined to keep the hard evidence when a …

This paper studies how cartel stability is influenced by asymmetric information and communication about demand. Firms … in a cartel face fluctuating demand in a repeated game framework. In each period, one randomly chosen firm knows current … its partners and another where it does not. We show that cartels are extremely unstable when the informed firm …

The article focuses on the emergence and operation of cartels in sectors in which companies differ in terms of … production costs. The author shows that stable cartels can operate in sectors made up of enterprises that are heterogeneous in … terms of costs and based on price leadership. However, when it comes to the cartel formation process, there is a distinct …

and the Italian producers and the outcome was a worldwide cartel known as “Mercurio Europeo” which came into being in 1928 …

literature which points to cartel instability during economic downturns. Overall, our results point to complementarities in the …

We develop a model to show that cartels that produce goods with lower durability are easier to sustain implicitly. This … observation gen- erates the following results: 1) implicit cartels have an incentive to pro- duce goods with an inefficiently low … level of durability; 2) a monopoly or explicit cartel is welfare superior to an implicit cartel; 3) welfare is non …

In North America, professional sports leagues operate mostly as cartels. They employ certain policies such as revenue …