An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on … between the agreed-upon price and the undercutting price is larger. The leniency program does not however affect the …

We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis … for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission … investigation does not affect the rate by which conspirators apply for leniency in the market investigated, but increases the rate …

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … detection. Firms thus trade-off higher profits against higher expected fines. If firms are sufficiently patient, leniency is …

-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …

cartels. In contrast to existing experimental studies, we find that a leniency rule does not affect cartelization. We discuss …The experimental literature on antitrust enforcement provides robust evidence that communication plays an important … role for the formation and stability of cartels. We extend these studies through a design that distinguishes between …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

We run a market experiment where firms can choose not only their price but also whether to present comparable offers …

The paper describes an experiment designed to test if the equilibrium in a market characterized by capacity …