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The tell tale heart: leniency in hub and spoke cartels

Boekbijdrage - Boekhoofdstuk Conferentiebijdrage

We study a hub and spoke model considering a dominant supplier leading a
duopolistic downstream collusion. Implementing sub-game equilibria in a repeated
game, we introduce a leniency policy for tripartite cartels. The antitrust authority
designs a leniency strategy in
uencing both the retailers' as well as the manufacturer's
preferences. We conclude that specic leniency programs may balance the cartel
stabilization eect of a hub's embargo strategy. Furthermore, we show the limits of
triangular cartels with a downstream competitive market and reward mechanism.
Boek: Competitive strategy, competition policy and law and the regulation of markets
Volume: 10
Pagina's: 45-45
Aantal pagina's: 1
Jaar van publicatie:2015
Trefwoorden:Leniency policy
  • ORCID: /0000-0002-1551-6611/work/80222320