communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is … necessarily on the same level what contradicts common theoretical predictions. This is because communication allows cartel members … sufficient to increase market prices for all firms. Moreover, we find that prices of cartel insiders and outsiders are not …

sustainability of collusion in an infinitely repeated game framework. We show that the bundling strategy of the entrant might hinder … collusion. Futhermore, we consider a setting in which the entrant uses a one-way access that the incumbent possesses. In such … might increase the feasibility of collusion. This result has an important policy implication …

reveals that such intra-play communication after capacity but before price choices has a collusive effect only for capacity …

sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit …

Numerous studies investigate which sanctioning institutions prevent cartel formation but little is known as to how … sanctioning institutions on firms’ communication. Using machine learning to organize the chat communication into topics, we find … present. At the same time, average prices are lower when communication is less explicit. A mediation analysis suggests that …

we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat …This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … communication into topics, we find that firms are less likely to communicate explicitly about price fixing when sanctioning …

sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit …