Peter Møllgaard: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Abstract: Our trust in competition policy is based on faith in markets. When markets are oligopolies, already classical economists’ trust in competition busted: Oligopolies carry the seeds of collusion. To develop, collusion needs trust between firms. But new leniency programmes are designed to bust that trust. I discuss when trust busters are likely to succeed and when trust prevails.
14 pages, February 4, 2002
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