, especially for the focus of cartel screening. …

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 …

. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …

and higher costs. We examine Canada's alleged bread cartel and provide the first comprehensive analysis of hub …

This article analyzes the strategic decisions of firms whether to establish and adhere to a cartel when they can also …. The model shows that a negative demand shock can facilitate cartel formation despite lowering collusive profits. This is …