Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - 2008
whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices …: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …This paper reports results from an experiment studying how fines, leniency programs and reward schemes for …