This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …

illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

response to the introduction of (ex-ante and ex-post) leniency programs. We disentangle the effects of traditional antitrust … below the price under antitrust without leniency. On the other hand, for ex-post leniency, improvement is possible and …