Must Trust Bust?

Our trust in competition policy is based on faith in markets. When markets are oligopolies, already classical economists’ trust in competition busted: Oligopolies carry the seeds of collusion. To develop, collusion needs trust between firms. But new leniency programmes are designed to bust that trust. I discuss when trust busters are likely to succeed and when trust prevails.

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Year of publication:	2002-02-04
Authors:	Møllgaard, Peter
Institutions:	Økonomisk Institut, Copenhagen Business School
Subject:	Competition policy \| Oligopolies \| Collusion \| Trust \| Leniency programmes

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 02-2002 14 pages
Classification:	G10 - General Financial Markets. General ; G18 - Government Policy and Regulation ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005419415