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in the role of the competition authority, who is properly incentivized to judge communication content and price setting …
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in the role of the competition authority, who is properly incentivized to judge communication content and price setting …
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Cartels can severely harm social welfare. Competition authorities introduced leniency rules to destabilize existing … extend these studies by having a participant in the role of the competition authority actively participating in the … experiment. Based on chat communication content and price setting behavior, this authority judges whether firms formed a cartel …
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We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10011378956
We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are linked to illegal gains and detection probabilities depend on the degree of collusion. A novel aspect of this study is that we focus on the worst possible outcome. We investigate the...
Persistent link: https://www.econbiz.de/10010433900