investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … could be jeopardized if the firms were engaging in collusion, as the likelihood of detection and prosecution would increase … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect …

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …

stakes of collusion. On the other hand, it creates an asymmetry between the integrated firm and the unintegrated competitors … cooperative equilibrium, which potentially harms collusion. As we show, the optimal collusive profit-sharing agreement takes care … the asymmetries in the non cooperative state. As a result, vertical integration generally favors collusion …

We study the implications of credit constraints for the sustainability of product market collusion in a bank … degree of collusion, but a substantial increase keeps it unaffected relative to the no-constraint case. A permanent adverse … demand shock in this setup does not affect the possibility of collusion, but may aggravate financing constraints and …

This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are …