cartels. In contrast to existing experimental studies, we find that a leniency rule does not affect cartelization. We discuss …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 …

An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on … between the agreed-upon price and the undercutting price is larger. The leniency program does not however affect the …

Cartels can severely harm social welfare. Competition authorities introduced leniency rules to destabilize existing … functioning cartels are unobservable. Existing experimental studies confirm that a leniency rule indeed reduces cartelization. We … experiment. Based on chat communication content and price setting behavior, this authority judges whether firms formed a cartel …

-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency … policy which grants amnesty to all "whistleblowers" except for ringleaders may therefore reduce the incentive to become a …

-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency … policy which grants amnesty to all "whistleblowers" except for ringleaders may therefore reduce the incentive to become a …

theoretical framework and derive two algorithms that recommend collusive pricing strategies. Utilizing a laboratory experiment, we …

, and is provision easier if outsiders gain a windfall profit? In an experiment we observe that both positive and negative …

laboratory experiment we test the different theories by systematically varying information conditions. We find significant …

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …