While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …

, we show that the stick-and-carrot punishment à la Abreu (1986) may not be globally optimal. We prove our result by …-and-carrot globally optimal punishment for large cartels, and fully characterise it. Then, we show that for mall cartels, global …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …

the trigger price. Moreover, they tend to communicate more often as they become less patient, a cartel grows in size, or …

multiplying cartel infringement by the reciprocal of the probability of detection and punishment. When we factor in expected … personal benefits. In theory, deterrence to participate in cartel activities must be based both on the incentives of firms as a … the cartel authority and civil law claims for damages. In addition to these risks, there is a recurring legal policy …