In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical … markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency … programs and the benefits of international antitrust cooperation between agencies. When international antitrust prosecution is …

.S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political … preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U …

where they collude. Predictably, conditional on conviction of one cartel, Amnesty Plus and Penalty Plus strengthen firms …' incentives to report the remaining cartel. However, Amnesty Plus and Penalty Plus have an ambiguous impact on firms' incentives … to apply for amnesty in the first place: On the one hand, Amnesty Plus and Penalty Plus may help to sustain a cartel …

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … markets. We also consider policy implications of our analysis regarding an antitrust authority's investment decision in cartel … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel …

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities …