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The Effectiveness of European Antitrust Fines

Veljanovski, Cento - 2020

This paper examines the effectiveness of the administrative fines imposed by the European Commission on cartels from an economic perspective. It reviews the theory, practice, and evidence of optimal fines and assesses whether the European Commission fines, leniency, and settlement procedures...

Persistent link: https://www.econbiz.de/10014090809

EC Antitrust in the New Economy - Is the European Commission's View of the Network Economy Correct?

Veljanovski, Cento - 2013

In dealing with telecom operator and internet mergers in the late 1990s the European Commission adopted a pessimistic view of competition based on the then emerging theory of network effects. This paper takes a short and critical look at the Commission's use of network effects theory, and its...

Persistent link: https://www.econbiz.de/10014186182

Ownership Unbundling in EU & Legal Problems

Diathesopoulos, Michael D. - 2010

In this paper we will examine the issue of ownership unbundling and forced divestiture remedies imposed in a series of recent competition law cases of the energy market - examined in other papers - in relation to the possible existence of a series of legal obstacles. These energy market...

Persistent link: https://www.econbiz.de/10014187735

The Great Global Vitamins Conspiracy : Sanctions and Deterrence*

Connor, John M. - 2008

sanctioned international cartels of the late 20th century. Still today, the vitamins cartels are cited by antitrust authorities … as the outstanding example of an enforcement action likely to deter cartel formation; this episode is also often … the structural conditions and price effects of the global vitamins conspiracy and analyzes the deterrence power of world …

Persistent link: https://www.econbiz.de/10012725096

Corporate social responsibility by joint agreement

Schinkel, Maarten-Pieter; Treuren, Leonard - 2021

Industry-wide voluntary agreements are touted as a means for corporations to take more corporate social responsibility (CSR). We study what type of joint CSR agreement induces firms to increase CSR efforts in a model of oligopolistic competition with differentiated products. Consumers have a...

Persistent link: https://www.econbiz.de/10012591411

Cartel Leniency and Effective Compensation in Europe : The Aftermath of Pfleiderer

Wardhaugh, Bruce - 2015

The recent judgment in Pfleiderer exposes a tension between two goals of European cartel control policy: the ex ante … providing information to private parties which can enhance cartel members’ exposure to damages. This paper considers Pfleiderer …

Persistent link: https://www.econbiz.de/10014153447

Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

Persistent link: https://www.econbiz.de/10009572459

Cartel Overcharges and the Deterrent Effect of EU Competition Law

Smuda, Florian - 2012

Persistent link: https://www.econbiz.de/10014167372

Gender and collusion

Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022

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 reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10012938866

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2016

While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …

Persistent link: https://www.econbiz.de/10013003617