.S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political … preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U …

We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …

disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …We analyze maximal cartel prices in infnitely-repeated oligopoly models under leniency where fines are linked to … 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 …We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal … the antitrust authority and the leniency program are directed exclusively to the most straightforward collusive scheme …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal … the antitrust authority and the leniency program are directed exclusively to the most straightforward collusive scheme …

We analyze the effects of antitrust and leniency programs in a repeated oligopoly model outlined in Motta and Polo … comparison of our results to the earlier results we come to a number of novel conclusions. Firstly, antitrust enforcement in the … judicial errors into account. Collusion ; Antitrust ; Self-reporting ; Judicial Errors ; Repeated Game …

The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to … demonstrates that the optimal antitrust policy exploits the inherent instability of a cartel to reduce its size. … neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an …

cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel …A model-based derivation of an effective antitrust policy requires an economic framework that includes three actors: a … actors. The cartel is the Stackelberg quantity leader and the fringe firms are in Cournot competition with respect to the …

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an …