more likely to leave the cartel for small quality differences, high quality firms determine cartel stability when the …

. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel …-wide cartel prefers to maintain market shares at pre-collusive levels. The impact on consumer and social welfare critically …

cartel members and study the size of the contracts affected or potentially affected by the illegal activity, comparing them …