This paper reports results from an experiment studying how fines, leniency programs and reward schemes for …: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …. With rewards, cartels are reported systematically and prices finally fall. If a ringleader is excluded from leniency …

This paper presents results from a laboratory experiment on the channels through which different law enforcement … to several other crimes sharing cartels' strategic features, including corruption and financial fraud. …

We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects …

This paper tests the insiders’ dilemma hypothesis in a laboratory experiment. The insiders’ dilemma means that a …

We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels. One third of … organization, or external threats. Cartels use three main approaches to raise profits: Price, market allocation, and specialization …. These appear to be substitutes. Choosing one has implications on how cartels deal with instability. Simplifying, we find …

Many convicted cartels have a leader which is substantially larger than its rivals. In a setting where firms face …