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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...
Persistent link: https://www.econbiz.de/10010310856
: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …. With rewards, cartels are reported systematically and prices finally fall. If a ringleader is excluded from leniency …
Persistent link: https://www.econbiz.de/10010320343
investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect … fight against hardcore cartels that operate within jurisdictions as well as internationally. …
Persistent link: https://www.econbiz.de/10010277361
Although the pricing dynamics of hardcore cartels have been studied intensively from a theoretical perspective … increase profits. Our results have important implications for both the design of screening tools to detect cartels as part of …
Persistent link: https://www.econbiz.de/10010307841
to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this … screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …
Persistent link: https://www.econbiz.de/10010326071
I find that current US's and EU's Antitrust laws -- in particular their "moderate"' leniency programmes that only reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one-shot competitive interactions, like Bertrand oligopolies and...
Persistent link: https://www.econbiz.de/10011608616
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 …
Persistent link: https://www.econbiz.de/10012886259
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
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