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

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 …

We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …

cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit … is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market …

significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …

attention to cartel detection methods, the derivation of corporate fines, the quantification of private damages and … possibilities to judge on the successfulness of cartel enforcement activities by competition authorities around the world. …

court cases - the paper wholesaler cartel decision of 2007 and the cement cartel decision of 2009. We characterise the trade …

The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel … derives estimates of the economic effects of the decision. The results indicate that the detection of the cartel may have led …

from the cartel prohibition on efficiency and consumer benefits considerations. Here, a detailed list of conditions exists …