Showing 41 - 50 of 786,502
We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a … sometimes all members of a cartel. We argue that, coupled with the non-disclosure of leniency statements and the insufficient … cartel convictions. Together with evidence on the current level of fines, this points at the need to introduce …
Persistent link: https://www.econbiz.de/10013221273
cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non …-cooperators are more persistent in their behavior which effectively blocks cartel formation in their respective groups. Second …, members of groups that do form a cartel defect more often thus reducing the average cartel lifetime. Third, the difference …
Persistent link: https://www.econbiz.de/10011349188
experiment. Based on chat communication content and price setting behavior, this authority judges whether firms formed a cartel …
Persistent link: https://www.econbiz.de/10012134469
A bonus on the fine in response to the defendant running a corporate compliance program is superfluous because working leniency programs provide all the incentives necessary to implement efficient compliance. Others opposed to such a bonus argue that unreduced fines are sufficient to incentivize...
Persistent link: https://www.econbiz.de/10015095059
for the first firm(s) that self-report being part of a cartel and have become the main enforcement instrument used by … inducing firms to self-report or cooperate with a cartel investigation in exchange for a reduction in sanctions. Since they … convictions for the competition authority at the expense of reduced cartel deterrence and social welfare. Hence, it is vital for …
Persistent link: https://www.econbiz.de/10014124978
Since 2003, the prosecution of hardcore cartels has been a top priority in Brazil. The Leniency Program in Brazil has been one of the most important investigative tools for detecting collusive conduct among competitors. The Leniency Program has exhibited some breakthroughs achieved in terms of...
Persistent link: https://www.econbiz.de/10012988951
Competition authorities need a better understanding of the determinants of cartel self-reporting in order to increase … cartel members’ incentives to apply for the benefit from leniency programs and thus improve the effectiveness of anti-cartel … 1996 and 2020, we estimate which type of cartel member is most likely to be the first or subsequent leniency applicant. Our …
Persistent link: https://www.econbiz.de/10014346619
development of the innovative and modern leniency policy. Following the examination of the main conditions and reasons for cartel …
Persistent link: https://www.econbiz.de/10012716596
that expanding rights of action has on leniency applications, this Article employs a game-theory model first created by …
Persistent link: https://www.econbiz.de/10014259781
) actions that aim to stop cartel activity in the short-term, immediately following successful prosecution; (c) actions that aim … pricing and periods of cartel pricing. We determine the impact of CA activity on deterred, impeded, and suffered harm. We … show how these break down into measures of the Direct Effect of interventions (i.e. the effect due to cartel activity being …
Persistent link: https://www.econbiz.de/10011431514