Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate … focuses on firms as entities, even though cartels are typically formed between individuals who need to develop structures that … allow them to establish trust and ensure cooperation. We analyze 15 German cartels, focusing on the individual participants …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …

This paper explores the effects that collusion can have in newspaper markets where firms compete for advertising as …) semi-collusion over advertising (with competition in the reader market), and iii) (full) collusion in both the advertising … and the reader market. We find that semi-collusion leads to less advertising (but higher advertising prices) and lower …

We explore the difference between explicit and tacit collusion by investigating the impact communication has in …

may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they …

We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups … constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …

Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion …

which correlate with market outcomes and communication's effectiveness. The results have implications for antitrust policy …