Girard, Alexandre; Gnabo, J.Y; Londoño van Rutten, Rodrigo - 2022
This paper examines the effect of firms' lobbying activities on penalties received from public competition authorities …. For an average sanctioned firm, our model indicates that one additional dollar in lobbying yields to a decrease in cartel … sanction of 3.12 dollars. We also observe that cartel sanctions are more responsive to lobbying expenditures when (1) the head …