We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and … modern antitrust policy (with a leniencyprogram). In EN, neither antitrust policy has a significant effect on cartel … deterrence, cartelstability, cartel recidivism, and winning bids. In FP, traditional antitrust policy deters cartelformation …

the antitrust authority and the leniency program are directed exclusively to the most straightforward collusive scheme …

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

We experimentally examine the effectiveness of antitrust policies against bidding rings in the English auction (EN) and … the first-price sealed-bid auction (FP). We consider both traditional antitrust policy (without a leniency program) and … modern antitrust policy (with a leniency program). In EN, neither antitrust policy has a significant effect on cartel …

illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …