considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set …

In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …

industrial organization focus on theory and empirical findings, this textbook offers practical examples that predict firm …

Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …

as the number of production plants and demand, we find that the transport distances between suppliers and customers were … on average significantly lower in cartel years than in non-cartel years. …

as the number of production plants and demand, we find that the transport distances between suppliers and customers were … on average significantly lower in cartel years than in non-cartel years. …