actual cartel effects. In this paper, we show that misdating cartel effects leads to a (weak) overestimation of but … antitrust damage estimation based on predicted cartel prices can have either sign. We extend the before-during-and-after method … with an empirical cartel dating procedure that uses multiple structural break tests to determine the actual begin and end …

We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …

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 …

innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …

This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel … derives estimates of the economic effects of the decision. The results indicate that the detection of the cartel may have led …