Based on a dataset of manufacturing sectors from five major European economies (France, Germany, Italy, Spain and the … between 2000 and 2013, in terms of merger control and anti-cartel enforcement. Tobacco, Paper and paper products … the Commission. There has been a greater incidence of anti-cartel action in Chemicals, Tobacco, Beverages, Electric …

. 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 …