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Optimal leniency programs when firms have cumulative and asymmetric evidence
Blatter, Marc; Emons, Winand; Sticher, Silvio - 2014
An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature, our firms have imperfect cumulative evidence of the collusion. That is, cartel conviction is not automatic if one firm reports: reporting makes conviction only more likely, the...
Persistent link: https://www.econbiz.de/10011420625
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Fines, Leniency and Rewards in Antitrust: An Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - 2008
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10010320343
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The Effects of Leniency on Maximal Cartel Pricing
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2009
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10010326004
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A compass to guide EU policy in support of business competitiveness
Erixon, Fredrik; Guinea, Oscar; Lamprecht, Philipp; … - 2022
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
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From Overt to Tacit Collusion
Hinloopen, Jeroen; Soetevent, Adriaan - 2008
Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal price discussions is the only way for subjects to avoid...
Persistent link: https://www.econbiz.de/10010325765
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Maximal Cartel Pricing and Leniency Programs
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2008
For a general class of oligopoly models with price competition, we analyze the impact of ex-ante leniency programs in antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics including its cartel culture. Our analysis disentangles...
Persistent link: https://www.econbiz.de/10010325912
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Evaluating Leniency with Missing Information on Undetected Cartels: Exploring Time-Varying Policy Impacts on Cartel Duration
Zhou, Jun - 2011
heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …
Persistent link: https://www.econbiz.de/10010333979
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Topics in competition policy: Cartels, leniency, and price discrimination
Silbye, Frederik - 2010
Persistent link: https://www.econbiz.de/10012503137
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The Importance of Emotions for the Effectiveness of Social Punishment
Hopfensitz, Astrid; Reuben, Ernesto - 2005
anger, ‘social’ emotions like shame and guilt need to be present for punishment to be an effective deterrent of …
Persistent link: https://www.econbiz.de/10010325579
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Punishment : and beyond
Frey, Bruno S. - 2009
This paper argues that the Economics of Crime concentrates too much on punishment as a policy to fight crime, which is … unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible … alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior. These …
Persistent link: https://www.econbiz.de/10010266023