butadiene rubber cartel case (e.g. in Trade-Stomil v Commission). Finally, the Commission dealt with a merger case with a truly …

successful in triggering evidence by cartel participants and thus in determining the collapse of several cartels, it has not … reduced considerably the length of the cartel proceedings, which is another potential benefit of leniency programmes. In this … duration of cartel proceeding. …

tax it would pay for acquiring monopoly rights on a particular venture, posted publicly on a government-auction website … pain of losing the auction to a competitor. With minimal government intervention, the “invisible hand” of economic theory …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …

-quantity pair, perfect collusion with equal sharing of profit is easier to sustain in the uniform price auction than in the … corresponding discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. Even when firms may …

In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and … simultaneous second-price sealed-bid auction for two objects with two types of bidders: single-object and multiple-object demand …