reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …

screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …

increases impose a cost during cartel formation as the price leader initially loses sales. We show that for intermediate … cartel executes two consecutive price increases, the choice between using the same leader or alternating leadership depends …

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 …