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 …

An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … investigation. Firms pick the degree of collusion: The more they collude, the higher are profits, but so is the probability of … detection. Firms thus trade-off higher profits against higher expected fines. If firms are sufficiently patient, leniency is …

settlement amount, yet at the price of reduced deterrence for those wrongdoers who are actually fined. Under a leniency program … the rebate has no effect on the leniency applicant: she doesn't pay a fine that can be reduced. The overall effect of a …

We empirically investigate the determinants of self-reporting under the European corporate leniency program. Applying a … data set consisting of 442 firm groups that participated in 76 cartels decided by the European Commission between 2000 and … in the cartelized market. Our results have important implications for an effective prosecution of anti-cartel law …

-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency … ringleader and may disrupt cartel formation. We analyze discriminatory and non-discriminatory leniency policies in a multi …

-stage cartel formation experiment where multiple ringleaders may emerge. Although theory predicts that cartels will always be … ringleaders in leniency policies. Ringleaders often take a leading role in the coordination and formation of a cartel. A leniency … ringleader and may disrupt cartel formation. We analyze discriminatory and non-discriminatory leniency policies in a multi …

cartel investigations can obtain immunity from fines or a reduction of fines. Leniency plays a prominent role in EU cartel …Since 1996, the European Commission has been operating a leniency programme, under which companies cooperating with its … enforcement today. This paper assesses the positive effects and the possible negative effects of leniency, in the light of twenty …

development of the innovative and modern leniency policy. Following the examination of the main conditions and reasons for cartel …The present assessment focuses on the antitrust action in detecting and fighting oligopolistic collusion, analyzing the … stability and sustainability, our attempt is to comprehend under which circumstances leniency program represents a functional …

In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical … markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency … uncoordinated, multi-market contact allows firms to reduce the amount of self-reporting in equilibrium and sustain cartels more …

We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … European Union (EU) from 2001 to 2015. In a first step, we present a detailed characterization of all cartel cases decided by … the European Commission (EC) with respect to various criteria such as the number of involved firm groups, cartel market …