response to the introduction of (ex-ante and ex-post) leniency programs. We disentangle the effects of traditional antitrust … below the price under antitrust without leniency. On the other hand, for ex-post leniency, improvement is possible and …

illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to … detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …

agreements, however, reduce total welfare in the market and raise antitrust concerns. Taking externalities into account may help …

We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral …

This special issue marks the 25th anniversary of the introduction of a leniency program for antitrust in the EU and … theoretical, empirical, and experimental literature on corporate leniency programs for antitrust. …