strategies deter cartel formation. With leniency policies offering immunity to the first reporting party a high fine is the main …

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 …

common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …

In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members. -- cartel formation ; multi-market contact ; leniency programs ; international antitrust cooperation …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …

While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …

cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non …-cooperators are more persistent in their behavior which effectively blocks cartel formation in their respective groups. Second …, members of groups that do form a cartel defect more often thus reducing the average cartel lifetime. Third, the difference …