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 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 …

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 …

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 …

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 …

This paper experimentally analyzes the cartel coordination challenge induced by the discrimination of cartel … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency … ringleader and may disrupt cartel formation. We analyze discriminatory and non-discriminatory leniency policies in a multi …

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 …