cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel … 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 …

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. …