Working Paper Series, Department of Economics, Copenhagen Business School
Must Trust Bust?
Abstract: Our trust in competition policy is based on faith in
When markets are oligopolies, already classical economists’
competition busted: Oligopolies carry the seeds of collusion.
collusion needs trust between firms. But new leniency
designed to bust that trust. I discuss when trust
busters are likely to succeed
and when trust prevails.
Keywords: Competition policy; Oligopolies; Collusion; Trust; Leniency programmes; (follow links to similar papers)
JEL-Codes: G10; G18; L13; (follow links to similar papers)
14 pages, February 4, 2002
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