common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …

The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to … neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an … augmented quantity leadership model. The cartel is the Stackelberg quantity leader and the fringe firms are in Cournot …

communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is … sufficient to increase market prices for all firms. Moreover, we find that prices of cartel insiders and outsiders are not … necessarily on the same level what contradicts common theoretical predictions. This is because communication allows cartel members …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …

We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was … the period from July 2004 until March 2005. Under the assumptions that the cartel-induced share on turnover is … representative for the entire cartel period and all affected markets, the overall consumer damage would even sum up to about 315 …