This paper develops a model of the birth and death of cartels in the presence of enforcement activities by a … Competition Authority (CA). We distinguish three sets of interventions: (a) detecting, prosecuting and penalizing cartels; (b …) actions that aim to stop cartel activity in the short-term, immediately following successful prosecution; (c) actions that aim …

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 …

collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis …We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …