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Do cartel breakdowns induce mergers? Evidence from EC cartel cases
Hüschelrath, Kai; Smuda, Florian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
breakdowns with the three years afterwards. Second, for the subset of horizontal mergers, merger activity is found to increase … competition authorities, law practices and economic consultancies may become necessary to handle the increase in merger cases. …We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the …
Persistent link: https://www.econbiz.de/10010985664
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Do cartel breakdowns induce mergers? Evidence from EC cartel cases
Hüschelrath, Kai; Smuda, Florian - 2013
breakdowns with the three years afterwards. Second, for the subset of horizontal mergers, merger activity is found to increase … competition authorities, law practices and economic consultancies may become necessary to handle the increase in merger cases. …We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the …
Persistent link: https://www.econbiz.de/10010313123
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Determinants of self-reporting under the European corporate leniency program
Hoang, Cung Truong; Hüschelrath, Kai; Laitenberger, Ulrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
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 2011, we find that the probability of a firm becoming...
Persistent link: https://www.econbiz.de/10010985675
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The appeals process: An empirical assessment
Hüschelrath, Kai; Smuda, Florian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
The appeals process - whereby the losing party of an administrative or judicial decision can seek reconsideration of their arguments before a higher institution - is an important mechanism to correct legal errors and to improve existing laws and regulations. We use data of 467 firm groups that...
Persistent link: https://www.econbiz.de/10010985689
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Determinants of the duration of European appellate court proceedings in cartel cases
Smuda, Florian; Bougette, Patrice; Hüschelrath, Kai - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
The duration of appellate court proceedings is an important determinant of the efficiency of a court system. We use data of 234 firm groups that participated in 63 cartels convicted by the European Commission between 2000 and 2012 to investigate the determinants of the duration of the subsequent...
Persistent link: https://www.econbiz.de/10010985699
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Cartel cases and the cartel enforcement process in the European Union 2001-2015: A quantitative assessment
Hellwig, Michael; Hüschelrath, Kai - 2016
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...
Persistent link: https://www.econbiz.de/10011541335
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When do firms leave cartels? Determinants and the impact on cartel survival
Hellwig, Michael; Hüschelrath, Kai - 2017
We use a dataset of 615 firms which participated in 114 illegal cartels - convicted by the European Commission between 1999 and 2016 - to investigate the determinants of the duration of a firm's participation in a cartel. Applying a Weibull proportional hazard model with a particular focus on...
Persistent link: https://www.econbiz.de/10011581327
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The duration of the EC merger control process: Determinants and the impact of the 2004 merger regulation reform
Heim, Sven; Hüschelrath, Kai; Laitenberger, Ulrich - 2015
The duration of merger proceedings held by competition authorities is an important determinant of the efficiency of the … entire merger control process. We use a dataset of 2953 Phase I and 92 Phase II investigations completed by the European … also provide evidence that the significant increase in average duration identified after the 2004 merger regulation reform …
Persistent link: https://www.econbiz.de/10011314564
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The settlement procedure in EC cartel cases: An empirical assesment
Hüschelrath, Kai; Laitenberger, Ulrich - 2015
In June 2008, the European Commission (EC) was enabled to introduce a settlement procedure that aims at promoting the procedural efficiency of cartel enforcement in the European Union (EU). We use a data set consisting of 84 cartels decided by the EC from 2000 to 2014 to empirically investigate...
Persistent link: https://www.econbiz.de/10011314566
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Settlements and appeals in the European Commission's cartel cases: An empirical assessment
Hellwig, Michael; Hüschelrath, Kai; Laitenberger, Ulrich - 2016
The introduction of the European Union (EU) Settlement Procedure in 2008 aimed at promoting the procedural efficiency of cartel investigations by the European Commission (EC). We use a data set consisting of 579 firms groups convicted by the EC for cartelization from 2000 to 2015 to investigate...
Persistent link: https://www.econbiz.de/10011419925