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 analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

-repeated oligopoly model. Bankruptcy considerations ensure abnormal cartel profits. We derive the optimal fine schedule that achieves …

considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set … to the legal mi nimum. Raising minimum fines will enable the cartel to raise its price and is better avoided. Our …

direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …

) actions that aim to stop cartel activity in the short-term, immediately following successful prosecution; (c) actions that aim … pricing and periods of cartel pricing. We determine the impact of CA activity on deterred, impeded, and suffered harm. We … show how these break down into measures of the Direct Effect of interventions (i.e. the effect due to cartel activity being …

trade, their agreements may be exempted from cartel law. To qualify under Article 101(3) TFEU, the public benefits must … compensate consumers for higher prices of the private good. We study the balancing involved in assessing a public interest-cartel … condition. A cartel will provide minimal public benefits for maximal private overcharges. Still it is typically not sustainable …