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The article introduces experimental economics as a teaching tool and as an analytical instrument in a competition … policy context. Based on experimental data from two training sessions in two different competition authorities, the … relevance in a competition law context are discussed. Furthermore the article discusses the analytical value of the approach in …
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, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be …
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An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non-cooperators are more persistent in their behavior which...
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