-core cartels. We design a mechanism to form a hard-core cartel, which allows that multiple ringleaders emerge. Ringleaders often … "whistleblowers'" except for ringleaders may therefore reduce the incentive to become a ringleader and disrupt cartel formation. Yet … effect ultimately facilitates coordination in the explicit cartel …

The recent judgment in Pfleiderer exposes a tension between two goals of European cartel control policy: the ex ante … providing information to private parties which can enhance cartel members’ exposure to damages. This paper considers Pfleiderer …

cartel characteristics. International conspiracies, global cartels, and bid-rigging schemes are granted lower percentage than …

innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

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

experiment. Based on chat communication content and price setting behavior, this authority judges whether firms formed a cartel …