innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …

This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …

innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …

the trigger price. Moreover, they tend to communicate more often as they become less patient, a cartel grows in size, or …