Hinloopen, Jeroen; Onderstal, Sander - 2009
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 …, destabilizes cartels, reduces the probability that a cartel re-establishes, and reduces theaverage winning bid. In contrast, while …