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The effectiveness of leniency programs when firms choose the degree of collusion

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The effectiveness of leniency programs when firms choose the degree of collusion

Emons, Winand - 2018 - Version: October 2018

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an investigation. Firms pick the degree of collusion: The more they collude, the higher are profits, but so is the probability of detection. Firms thus trade-off higher profits against...

Persistent link: https://www.econbiz.de/10011919342