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 … 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 …We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of …

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 …

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 …

-consumer price discrimination; and (iii) inter-product price discrimination, and assess the antitrust liability that these practices … may entail. We also discuss the impact on consumers and competition, as well as potential antitrust liability of bundling …

market where they collude. Predictably, conditional on the conviction of one cartel, Amnesty Plus and Penalty Plus strengthen … firms' incentives to report the remaining cartel. However, Amnesty Plus and Penalty Plus have an ambiguous impact on firms …' incentives to apply for amnesty in the first place: On the one hand, Amnesty Plus and Penalty Plus may help to sustain a cartel …

The article focuses on the effects of leniency programs when the antitrust authority is capable of making errors in …