We analyze the effects of antitrust and leniency programs in a repeated oligopoly model outlined in Motta and Polo … comparison of our results to the earlier results we come to a number of novel conclusions. Firstly, antitrust enforcement in the … judicial errors into account. Collusion ; Antitrust ; Self-reporting ; Judicial Errors ; Repeated Game …

The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to … demonstrates that the optimal antitrust policy exploits the inherent instability of a cartel to reduce its size. … neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an …

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 …

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an …

To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from …

Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early … nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but …. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence …

Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early … nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but …. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence …

informed about the strength of a cartel case. I show that the Competition Authority can then exploit firms' uncertainty about … leniency), which overall raises both cartel desistance and cartel deterrence. Finally, I discuss the policy implications of the …