Hinloopen, Jeroen; Soetevent, Adriaan R. - In: RAND Journal of Economics 39 (2008) 2, pp. 607-616
The number of cartels detected in the United States and in Europe has increased considerably since the introduction of corporate leniency programs in antitrust legislation. It cannot, however, be ruled out that this apparent success results in part from increased cartel activity. We explore the...