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Leniency Programs. Damage actions may reduce the attractiveness of Leniency Programs for cartel participants if their … cooperation with the competition authority increases the chance that the cartel’s victims will bring a successful suit. A long … analysis shows such compromise is not required: limiting the cartel victims’ ability to recover their loss is not necessary to …
Persistent link: https://www.econbiz.de/10014137919
We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission investigation does not affect the rate by which conspirators apply...
Persistent link: https://www.econbiz.de/10011435719
strategies deter cartel formation. With leniency policies offering immunity to the first reporting party a high fine is the main …
Persistent link: https://www.econbiz.de/10013050458
We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels that were prosecuted by the European Commission (EC) between 1996 and 2014. The start of an EC investigation does not affect the rate at which...
Persistent link: https://www.econbiz.de/10012997923
-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be …This paper experimentally analyzes the cartel coordination challenge induced by the discrimination of cartel … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency …
Persistent link: https://www.econbiz.de/10010487743
common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …
Persistent link: https://www.econbiz.de/10009685867
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/10011346282
Persistent link: https://www.econbiz.de/10011397194
To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would otherwise not occur. If, however, the parties settle...
Persistent link: https://www.econbiz.de/10012159842
cases, the individual leniency program increases the owners' tolerance for cartel activity for two reasons: Either the …
Persistent link: https://www.econbiz.de/10014060777