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

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity … constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …

challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly … welfare under these legal principles. The optimal fine schedule remains below the maximum fine and induces collusion on a … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set …

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

the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …

reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …