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for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission … light on enforcement efforts against cartels and other forms of conspiracy. …
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This paper provides an overview of the corruption case and the connected cartels that affected one of the biggest … cartel members and study the size of the contracts affected or potentially affected by the illegal activity, comparing them …
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We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor's value of investment...
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