1999 and 2016 - to investigate the determinants of the duration of a firm's participation in a cartel. Applying a Weibull … firms show an increased probability to leave a cartel if prior exits occurred as well as in periods of high demand growth …. However, we find a reduced exit probability in situations of prior entries to the cartel or in periods of high interest rates …

formation and dissolution to illustrate how changes in antitrust policies and economic conditions might affect cartel duration … detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel … are consistent with the theoretic predictions that following an efficacious leniency program, the average duration of …