Template-type: ReDif-Paper 1.0 Author-Name: Bos Iwan Author-Name: Peeters Ronald Author-Name: Pot Erik Author-workplace-name: METEOR Title: 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. Keywords: microeconomics ; Series: Research Memoranda Creation-Date: 2010 Number: 030 File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:b8bcba33-7e33-4dc7-839b-724e111f4c4e/datastreams/ASSET1/content File-Format: application/pdf File-Size: 321542 Handle: RePEc:unm:umamet:2010030