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cartel fines in 10 Member States (Belgium, Bulgaria, Croatia, Finland, France, Germany, Italy, the Netherlands, Sweden and …
Persistent link: https://www.econbiz.de/10012868781
Based on an analysis of cartel prosecutions since 2007, this article assesses the way the European Commission has built …
Persistent link: https://www.econbiz.de/10012940532
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 …
Persistent link: https://www.econbiz.de/10011541082
of applications to the European Commission for a reduction of a cartel fine due to an enterprise's "inability to pay …
Persistent link: https://www.econbiz.de/10013118303
The purpose of this paper is to examine whether the current cartel fine levels of the European Union and the United … results show that on average these cartel overcharges are significantly larger than the criminal fines of either the European …
Persistent link: https://www.econbiz.de/10014050311
This article analyzes the first 22 cartel decisions of the European Commission under its 2006 revised fining Guidelines …. I find that the severity of the cartel fines relative to affected sales is about double that of the fines decided under … the previous 1998 Guidelines. Severity varies only modestly across companies in the same cartel. A large minority of EC …
Persistent link: https://www.econbiz.de/10014158949
absolute Commission fine. Independent variables fall into four groups: the extent of the cartel’s antitrust injuries; factors … cartel; and controls for time, for changes in EC guidelines, for nationality of the defendant, and for industry …-specific characteristics. The predictive power of the final model is quite satisfactory. We find that EC corporate cartel fines generally …
Persistent link: https://www.econbiz.de/10014160151
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
facilitated. Thefocus here is on the case of a hardcore price cartel.Specific features of harm and damages in antitrust law are …
Persistent link: https://www.econbiz.de/10013099273
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