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Settlements and appeals in the European Commission's cartel cases : an empirical assessment

Hellwig, Michael; Hüschelrath, Kai; Laitenberger, Ulrich - 2016

of cartel investigations by the European Commission (EC). We use a data set consisting of 579 firms groups convicted by … undisputed key contribution of a faster and more efficient handling of cartel investigations by the EC. …

Persistent link: https://www.econbiz.de/10011419416

When do firms leave cartels? : determinants and the impact on cartel survival

Hellwig, Michael; Hüschelrath, Kai - 2017

1999 and 2016 - to investigate the determinants of the duration of a firm's participation in a cartel. Applying a Weibull … firms show an increased probability to leave a cartel if prior exits occurred as well as in periods of high demand growth …. However, we find a reduced exit probability in situations of prior entries to the cartel or in periods of high interest rates …

Persistent link: https://www.econbiz.de/10011580827

The settlement procedure in EC cartel cases : an empirical assesment

Hüschelrath, Kai; Laitenberger, Ulrich - 2015

procedural efficiency of cartel enforcement in the European Union (EU). We use a data set consisting of 84 cartels decided by the … EC from 2000 to 2014 to empirically investigate the impact of the EU settlement procedure on the duration of cartel … cartel enforcement in the European Union substantially. …

Persistent link: https://www.econbiz.de/10011316390

Time is money – how much money is time? : interest and inflation in competition law actions for damages

Bueren, Eckart; Hüschelrath, Kai; Veith, Tobias - 2014

. Effective private enforcement requires that cartel victims can receive (at least) full compensation for the harm suffered …. Academics and competition authorities support this goal with guidance for the calculation of cartel damages. However, they … several years until cartel victims obtain damages. Interest and inflation are thus two key drivers of adequate compensation …

Persistent link: https://www.econbiz.de/10010233583

Do cartel breakdowns induce mergers? : evidence from EC cartel cases

Hüschelrath, Kai; Smuda, Florian - 2013

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … even more – by up to 83 percent – after the cartel breakdowns. Our results not only suggest that competition authorities …

Persistent link: https://www.econbiz.de/10009751721

Determinants of the duration of European appellate court proceedings in cartel cases

Smuda, Florian; Bougette, Patrice; Hüschelrath, Kai - 2014

The duration of appellate court proceedings is an important determinant of the efficiency of a court system. We use data of 234 firm groups that participated in 63 cartels convicted by the European Commission between 2000 and 2012 to investigate the determinants of the duration of the subsequent...

Persistent link: https://www.econbiz.de/10010405065

The appeals process : an empirical assessment

Hüschelrath, Kai; Smuda, Florian - 2014

The appeals process – whereby the losing party of an administrative or judicial decision can seek reconsideration of their arguments before a higher institution – is an important mechanism to correct legal errors and to improve existing laws and regulations. We use data of 467 firm groups...

Persistent link: https://www.econbiz.de/10010405992

Determinants of self-reporting under the European corporate leniency program

Hoang, Cung Truong; Hüschelrath, Kai; Laitenberger, Ulrich - 2014

in the cartelized market. Our results have important implications for an effective prosecution of anti-cartel law …

Persistent link: https://www.econbiz.de/10010385205

Cartel cases and the cartel enforcement process in the European Union 2001-2015 : a quantitative assessment

Hellwig, Michael; Hüschelrath, Kai - 2016

We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … European Union (EU) from 2001 to 2015. In a first step, we present a detailed characterization of all cartel cases decided by … the European Commission (EC) with respect to various criteria such as the number of involved firm groups, cartel market …

Persistent link: https://www.econbiz.de/10011541082