Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2009
disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …-first reporter, leniency cannot reduce maximal cartel prices below those under traditional regulation. Moreover, in order to avoid …We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to …