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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
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
significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal …
Persistent link: https://www.econbiz.de/10014217339
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
reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …
Persistent link: https://www.econbiz.de/10011810824
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/10012886259
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant …
Persistent link: https://www.econbiz.de/10013250785
important role of leniency is to elicit cartel members’ evidence about collusive activity in order to increase the probability … of convicting the cartel. We find that ringleader discrimination does not play a role when the ringleader’s relative …
Persistent link: https://www.econbiz.de/10014210466
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members. -- cartel formation ; multi-market contact ; leniency programs ; international antitrust cooperation …
Persistent link: https://www.econbiz.de/10003955227