We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …

on average significantly lower in cartel years than in non-cartel years. …

on average significantly lower in cartel years than in non-cartel years. …

Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …

A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …

of cartel investigations by the European Commission (EC). We use a data set consisting of 579 firms groups convicted by … undisputed key contribution of a faster and more efficient handling of cartel investigations by the EC. …

1999 and 2016 - to investigate the determinants of the duration of a firm's participation in a cartel. Applying a Weibull … firms show an increased probability to leave a cartel if prior exits occurred as well as in periods of high demand growth …. However, we find a reduced exit probability in situations of prior entries to the cartel or in periods of high interest rates …

procedural efficiency of cartel enforcement in the European Union (EU). We use a data set consisting of 84 cartels decided by the … EC from 2000 to 2014 to empirically investigate the impact of the EU settlement procedure on the duration of cartel … cartel enforcement in the European Union substantially. …