Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Tuesday, July 13, 2010

Do Antitrust Agencies Facilitate Meetings in Smoke-Filled Rooms?

Posted by D. Daniel Sokol

Bos Iwan, Peeters Ronald, Pot Erik (all METEOR) ask the provacative question Do Antitrust Agencies Facilitate Meetings in Smoke-Filled Rooms?

ABSTRACT: The theory of industrial collusion generally does not distinguish between tacit and explicit collusion. We show that if tacit collusion is not sustainable, firms may still be willing and able to collude explicitly when demand is viscous, the expected antitrust penalty is limited and antitrust agencies are sufficiently effective in detecting and prosecuting cartels.

http://lawprofessors.typepad.com/antitrustprof_blog/2010/07/do-antitrust-agencies-facilitate-meetings-in-smokefilled-rooms-.html

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