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Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal price discussions is the only way for subjects to avoid...
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-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be …
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-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be …
Persistent link: https://www.econbiz.de/10010487743
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Cartels can severely harm social welfare. Competition authorities introduced leniency rules to destabilize existing cartels and hinder the formation of new ones. Empirically, it is difficult to judge the success of these measures because functioning cartels are unobservable. Existing...
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The experimental literature on antitrust enforcement provides robust evidence that communication plays an important role for the formation and stability of cartels. We extend these studies through a design that distinguishes between innocuous communication and communication about a cartel,...
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