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Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012938866
in the cartelized market. Our results have important implications for an effective prosecution of anti-cartel law …
Persistent link: https://www.econbiz.de/10010385205
We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission investigation does not affect the rate by which conspirators apply...
Persistent link: https://www.econbiz.de/10011435719
-core cartels. We design a mechanism to form a hard-core cartel, which allows that multiple ringleaders emerge. Ringleaders often … "whistleblowers'" except for ringleaders may therefore reduce the incentive to become a ringleader and disrupt cartel formation. Yet … effect ultimately facilitates coordination in the explicit cartel …
Persistent link: https://www.econbiz.de/10014152489
The recent judgment in Pfleiderer exposes a tension between two goals of European cartel control policy: the ex ante … providing information to private parties which can enhance cartel members’ exposure to damages. This paper considers Pfleiderer …
Persistent link: https://www.econbiz.de/10014153447
The ministerial proposal for a 10th amendment of the German competition law particularly addresses abuse control and seeks to tighten this pillar of competition policy against the background of the challenges from the digital economy. Next to extending the classic policy instruments of abuse...
Persistent link: https://www.econbiz.de/10012229920
antitrust exemption, access rules to Judo tournaments, sale systems of media rights in European football as well as a unique …
Persistent link: https://www.econbiz.de/10011750292
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
cartels, the leniency program represents a legal, effective and often the only tool available for antitrust enforcers to …-depth legal & economic analysis of cartel law enforcement on both sides of the Atlantic …
Persistent link: https://www.econbiz.de/10012943501
formation and dissolution to illustrate how changes in antitrust policies and economic conditions might affect cartel duration … detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel …
Persistent link: https://www.econbiz.de/10013008337