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 …

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 …

actors engaged in algorithmic tacit collusion. These problems are compounded when usual legal tests for collusive price … but that the illegality of algorithmic tacit collusion is less clear. By considering the issues associated with concerted … competition law in Australia to highlight potential ways of dealing with algorithmic tacit collusion, but also highlights the …

We provide a theory of how RPM facilitate upstream cartels absent any information asymmetries using a model with … manufacturers if they collude. We thus provide a novel theory of harm for resale price maintenance when manufacturers collude and … illustrate the fit of this theory in various competition policy cases. …