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Blowing the Whistle

Author Info

Listed author(s):
  • Jose Apesteguia

    ()

  • Martin Dufwenberg

    ()

  • Reinhard Selten

Abstract

Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool for cartelists to punish each other. We examine the impact of leniency law, and other rules, theoretically and experimentally.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s00199-006-0092-8
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Article provided by Springer & Society for the Advancement of Economic Theory (SAET) in its journal Economic Theory.

Volume (Year): 31 (2007)
Issue (Month): 1 (April)
Pages: 143-166

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Handle: RePEc:spr:joecth:v:31:y:2007:i:1:p:143-166
DOI: 10.1007/s00199-006-0092-8
Contact details of provider: Web page: http://www.springer.com

Web page: http://saet.uiowa.edu/

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Order Information: Web: http://www.springer.com/economics/economic+theory/journal/199/PS2

Keywords: Anti-trust; Leniency; Immunity; Amnesty; Blow the whistle; Cartels; Price competition; Bertrand model; Experiment communication; C92; D43; L13;

Other versions of this item:

Find related papers by JEL classification:
  • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
  • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
  • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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