direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …

direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …

on average significantly lower in cartel years than in non-cartel years. …

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 …