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Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is difficult because of endogeneity and omitted variable bias....
Persistent link: https://www.econbiz.de/10009571067
Persistent link: https://www.econbiz.de/10008936376
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
This paper studies cartels' strategic behavior in delaying leniency applications, a take-up decision that has been ignored in the previous literature. Using European Commission decisions issued over a 16-year span, we show, contrary to common beliefs and the existing literature, that...
Persistent link: https://www.econbiz.de/10009685867
Persistent link: https://www.econbiz.de/10011713482
Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices'€" known as the 'lysine strategy profile (LSP)€'€" on cartel duration is difficult because of endogeneity and omitted...
Persistent link: https://www.econbiz.de/10010333795
This paper examines the effects of European Commission's (EC) new leniency program on the EC's capabilities in detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel formation and dissolution to illustrate how changes in...
Persistent link: https://www.econbiz.de/10010333979
This paper examines the effects of European Commission's (EC) new leniency program on the EC's capabilities in detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel formation and dissolution to illustrate how changes in...
Persistent link: https://www.econbiz.de/10013008337