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This paper assesses the antitrust fines and private penalties imposed on the participants of 260 international cartels discovered during 1990-2005, using four indicators of enforcement effectiveness. First, the United States is almost always the first to investigate and sanction international...
Persistent link: https://www.econbiz.de/10014050313
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10012926563
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10011781965
absolute Commission fine. Independent variables fall into four groups: the extent of the cartel’s antitrust injuries; factors … cartel; and controls for time, for changes in EC guidelines, for nationality of the defendant, and for industry …-specific characteristics. The predictive power of the final model is quite satisfactory. We find that EC corporate cartel fines generally …
Persistent link: https://www.econbiz.de/10014160151
The arm's length principle states that the transfer price between two associated enterprises should be the price that would be paid for similar goods in similar circumstances by unrelated parties dealing at arm's length with each other. This paper examines the effect of the arm's length...
Persistent link: https://www.econbiz.de/10013112280
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members …
Persistent link: https://www.econbiz.de/10013144908
Standard methods for calculating cartel-damages rely on data of prices charged and quantity sold. Such data may not … easily be available. In this paper, it is shown that a lower bound for cartel-damages can also be computed from accounting … is shown under which econometrically testable assumptions on accounting costs a meaningful lower bound for cartel damages …
Persistent link: https://www.econbiz.de/10003852266
This paper presents an updated narrative of the history of the global lysine cartel and the legal consequences for its …
Persistent link: https://www.econbiz.de/10014216150
cartel activity in Asia and uses a sample of modern private cartels to evaluate the relative effectiveness of three prominent … Asia and the rest of the world during 1990-2007. The need for assertive anti-cartel enforcement in Asia is demonstrated by …, it is doubtful that such monetary sanctions can deter modern international cartels. Optimal cartel deterrence is …
Persistent link: https://www.econbiz.de/10014222893
This paper describes and analyzes the outcomes of cartel-whistleblower programs around the world, including those of …
Persistent link: https://www.econbiz.de/10012720249