Evaluating Antitrust Leniency Programs
نویسندگان
چکیده
منابع مشابه
Global Cartels, Leniency Programs and International Antitrust Cooperation
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 programs and the benefits of international antitrust cooperation between agencies. When international antitrust prosecution is uncoordinated, multi-market contact ...
متن کاملOptimal Corporate Leniency Programs∗
This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust authority should waive all penalties for the first firm to come forward. It is also shown that restrictions should be placed on when amnesty is awarded, thoug...
متن کاملLeniency Programs and Cartel Prosecution
We study the enforcement of competition policy against collusion under Leniency Programs, which give reduced ̄nes to ̄rms revealing information to the Antitrust Authority. Such programs give ̄rms an incentive to break collusion, but may also have a pro-collusive e®ect, since they decrease the expected cost of misbehaviour. We analyze the optimal policy under alternative rules and with homogeneo...
متن کاملEffects of Antitrust Leniency on Concealment Effort by Colluding Firms∗
We provide an economic analysis of the incentives created by an antitrust leniency program, with particular attention to incentives created for effort directed at the concealment of collusion. The results point to a need for competition authorities to consider the effects of concealment when evaluating economic evidence of collusion. The results also suggest possible benefits from increasing pe...
متن کاملThe Impact of Leniency Programs on Cartels
Antitrust authorities have set up leniency programs for firms that denounce collusive agreements in which they have participated. These programs, by inducing reports on collusive agreements, allow to fine participants and can thereby eventually deter collusion. We analyze the impact of reduced fines and positive rewards on the behavior of firms. We propose the use of whistle-blowing mechanisms,...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.1993027