communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is …We analyze the pricing behavior of firms when explicit partial cartels have formed in experimental markets through … sufficient to increase market prices for all firms. Moreover, we find that prices of cartel insiders and outsiders are not …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms … experimentally the formation and behavior of partial cartels. The theoretical model is a variation of Bos and Harrington's (2010 …

This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …