von Auer, Ludwig; Pham, Tu Anh - In: Journal of Regulatory Economics 59 (2021) 2, pp. 175-192
operate like one merged company), a group of competing fringe firms, and a welfare maximizing antitrust authority. The cartel …. The cartel is internally stable if none of its member firms finds it profitable to become a fringe firm. The antitrust … authority can destabilize the cartel in the sense of making the cartel internally instable. To this end, the antitrust authority …