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This paper investigates the size of penalties required to deter cartel formation. Allowing the penalty to be increasing in duration within the infinitely repeated game framework, penalties do not need to be as severe as previous research would suggest.
© 2014. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
collusion, antitrust, crime
Harrington, J. E. (2014). Penalties and the Deterrence of Unlawful Collusion. Economics Letters, 124 (1), 33-36. http://dx.doi.org/10.1016/j.econlet.2014.04.010
Date Posted: 27 November 2017
This document has been peer reviewed.