Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208451 
Year of Publication: 
2002
Series/Report no.: 
Working paper No. 2-2002
Publisher: 
Copenhagen Business School (CBS), Department of Economics, Frederiksberg
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.
Subjects: 
Competition policy
Oligopolies
Collusion
Trust
Leniency programmes
JEL: 
G10
G18
L13
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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