We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis … for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission … investigation does not affect the rate by which conspirators apply for leniency in the market investigated, but increases the rate …

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … detection. Firms thus trade-off higher profits against higher expected fines. If firms are sufficiently patient, leniency is …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

We run a market experiment where firms can choose not only their price but also whether to present comparable offers …

The paper describes an experiment designed to test if the equilibrium in a market characterized by capacity …

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 …

An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …

laboratory experiment. Our findings support the main comparative-static predictions of the model but also suggest that, when …

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