We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …

We analyze maximal cartel prices in infnitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

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 …

This paper studies the effects of leniency programs on the behavior of firms participating in illegal cartel agreements … several different markets. In our model, they form a cartel in one market only. This asymmetry results in additional costs in … case of disclosure of the cartel, which are caused by an asymmetric reduction of the sales in other markets due to a …

obtain that cartel occurrence is less likely if the rules of the leniency programs are more strict and the procedure of … confidential and penalties and rate of law enforcement are low, leniency may increase duration of cartel agreements. Surprisingly …

We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …

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