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The objective of a leniency program is to reduce sanctions against collusion if a participant voluntarily confesses his behavior or cooperates with the public authority’s investigation. Constructing a model in which the detection probability varies over time, Harrington (2008) pointed out that...
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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
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We examine the effect of Amnesty Plus on dynamic cartel formation in a multimarket setting. The Amnesty Plus program … compelling tools in generating successful cartel investigations. Amnesty Plus is aimed at attracting amnesty applications by …. First, Amnesty Plus can reduce the deterrence of cartel activities by making it easier for firms to sustain multimarket …
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