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 …

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 …. With rewards, cartels are reported systematically and prices finally fall. If a ringleader is excluded from leniency …

-reversion trigger strategies with decreasing marginal costs is shown to be due to the output when a firm deviates from the punishment …

screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel … to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this …

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

We examine the effect of one of the presumably most powerful cartels ever on the profitability of its members. More … precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of …

Although the pricing dynamics of hardcore cartels have been studied intensively from a theoretical perspective … breakdown of a German cement cartel. We find that, first, after the breakdown of the cartel, cartel members reduce net prices to … a far larger extent than gross prices and that, second, noncartel members slip under the price umbrella of the cartel to …

increases substantially after introducing an ex post sanctioning possibility. Namely, subjects can assign punishment points to …

, our firms have imperfect cumulative evidence of the collusion. That is, cartel conviction is not automatic if one firm …