pay reduced fines. This paper connects this potential adverse effect to the number of firms involved in the cartel …

cases, the individual leniency program increases the owners' tolerance for cartel activity for two reasons: Either the …

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

The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to … neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an … augmented quantity leadership model. The cartel is the Stackelberg quantity leader and the fringe firms are in Cournot …

detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel … formation and dissolution to illustrate how changes in antitrust policies and economic conditions might affect cartel duration … heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …

cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel … actors. The cartel is the Stackelberg quantity leader and the fringe firms are in Cournot competition with respect to the …

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 …

detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel … formation and dissolution to illustrate how changes in antitrust policies and economic conditions might affect cartel duration … heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …

Research on cartel inspection has considered dynamic behaviors of firms but not of the regulator. The current paper … allows the antitrust authority to choose the level of cartel monitoring intensity and its dynamic patterns. Specifically, we … compare stationary monitoring policies with "switching" policies that randomize cartel detecting probabilities over time with …