This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry … following this period of enforcement. Its findings are consistent with cartel enforcement prompting significant investment in … and in enforcement action against only one hard core cartel in the decade that followed …

incentive for firms to price above the non-collusive price after the cartel has dissolved. This results in an overestimate of … greater, the longer the cartel was in place and the more concentrated is the industry. …

This paper characterizes collusive pricing patterns when buyers may detect the presence of a cartel. Buyers are assumed … to become suspicious when observed prices are anomalous. We find that the cartel price path is comprised of two phases … transition phase is decreasing in the variance of cost shocks. It is also shown that the cartel price path may overshoot its long …

Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a … cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and … then gradually lowers it An alternative specification generates a more plausible result that the cartel gradually raises …

In the context of an infinitely repeated capacity-constrained price game, we endogenize the composition of a cartel … when .rms are heterogeneous in their capacities. When .rms are sufficiently patient, there exists a stable cartel involving … the largest .rms. A .rm with sufficiently small capacity is not a member of any stable cartel. When a cartel is not all …