Showing 1 - 10 of 6,493
We provide an empirical assessment of EC cartel enforcement decisions between 2000 and 2011. Following an initial … characterisation of our dataset, we especially investigate the determinants of the duration of cartel investigations. We are able to … identify several key drivers of investigation length such as the Commission's speed of cartel detection, the type of cartel …
Persistent link: https://www.econbiz.de/10010310856
whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices …: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …This paper reports results from an experiment studying how fines, leniency programs and reward schemes for …
Persistent link: https://www.econbiz.de/10010320343
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …
Persistent link: https://www.econbiz.de/10010326004
This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …
Persistent link: https://www.econbiz.de/10010309808
ein ministererlaubtes Kartell häufig weniger starke negative Wettbewerbswirkungen hätte, als eine irreversible Fusion. Aus … exemption for so-called ministerial cartels under Section 8 GWB was discarded without replacement. Similar to the still existing … from the general ban on cartels under Section 1 GWB for "predominant reasons relating to the economy as a whole and the …
Persistent link: https://www.econbiz.de/10012264937
The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel … derives estimates of the economic effects of the decision. The results indicate that the detection of the cartel may have led …
Persistent link: https://www.econbiz.de/10010299839
antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …
Persistent link: https://www.econbiz.de/10010325912
In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...
Persistent link: https://www.econbiz.de/10010261290
We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral …
Persistent link: https://www.econbiz.de/10010325574
screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel … to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this … was found to have abused the basing-point system, our method can be used to estimate antitrust damages. …
Persistent link: https://www.econbiz.de/10010326071