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 …

We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives …

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

screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …

collusion. It allows an upstream cartel to shield itself from private damage claims by forwarding a share of cartel profits to … private damages. The cartel can achieve this by rationing inputs at low prices. Several U.S. antitrust cases show symptoms of …