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competition at the industry level of OECD countries. An instrumental variable approach, reveals a positive e ffect on industries …' competition intensity of leniency programs indicating e ffectiveness in cartel destabilization and eff ective deterrence …
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competition at the industry level of OECD countries. An instrumental variable approach, reveals a positive effect on industries …' competition intensity of leniency programs indicating effectiveness in cartel destabilization and effective deterrence. -- Cartel …
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To explore the efficacy of a corporate leniency program, a Markov process is constructed which models the stochastic formation and demise of cartels. Cartels are born when given the opportunity and market conditions are right, while cartels die because of internal collapse or they are caught and...
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