This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …

We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …

difference between the US and Europe in crime statistics and law enforcement expenditures. …

This paper shows that the possibility of collusion between an agent and a supervisor imposes no restrictions on the set … implementable if the supervisor's information was public is also implementable when this information is private and collusion is …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this … paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles …