considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …

than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison …, and penalties based on profits. Our analysis is the first to compare these regimes in terms of their impact on both (i … that the class of penalties based on profits is identical to the class of fixed penalties in all welfare-relevant respects …

agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are …

Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004 …

reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …

behavior, at least one of these actors is always missing. By contrast, the present paper's oligopoly model includes all three …