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This special issue marks the 25th anniversary of the introduction of a leniency program for antitrust in the EU and contains five original papers: Each paper examines the effects of design parameters of leniency programs on their performance. Before introducing each contribution separately, we...
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actual cartel effects. In this paper, we show that misdating cartel effects leads to a (weak) overestimation of but … antitrust damage estimation based on predicted cartel prices can have either sign. We extend the before-during-and-after method … with an empirical cartel dating procedure that uses multiple structural break tests to determine the actual begin and end …
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We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …
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The experimental literature on antitrust enforcement provides robust evidence that communication plays an important … innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …
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less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …
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