environment, their agreements may be exempted from cartel law. To qualify, the public benefits must compensate consumers for … higher prices of the private good. We study the balancing involved in assessing a public interest-cartel in a public goods … Samuelson condition. The cartel will provide minimal public good for maximal overcharges. Nevertheless it is typically not …

theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …

cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non …-cooperators are more persistent in their behavior which effectively blocks cartel formation in their respective groups. Second …, members of groups that do form a cartel defect more often thus reducing the average cartel lifetime. Third, the difference …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …