from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive …

it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …

We study the question of whether there exist strategies whereby countries are able to sustain a cartel or collusive … scale in bargaining--if commitment were possible the countries would benefit from joint bargaining--a debtors' cartel will …

recent cartel cases, as well as at a broader cross-section of 42 recently prosecuted international cartels. We discuss the …

century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines …. The cartel makes the decision whether or not to begin a price war against the entrant; some entrants are formally admitted … to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will …

This paper extends the theory of legal cartels to affiliated private value and common value environments, and applies … the theory to explain joint bidding patterns in U.S. federal government offshore oil and gas lease auctions. We show that …

support our theory. (J.E.L. Classification numbers:020, 130, 610) …