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 …

; this is equivalent to modeling firms as an implicit cartel playing a punishment game. We show that coordination can …

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 …

-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient … decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …

response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …

The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for … decentralization, because larger pools better internalize their externality on global hash rates, charge higher fees, attract …

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