Cartel destabilization and leniency programs : empirical evidence


Klein, Gordon J.


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URL: http://ub-madoc.bib.uni-mannheim.de/3107
URN: urn:nbn:de:bsz:180-madoc-31077
Document Type: Working paper
Year of publication: 2010
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C23 K21 K42 L41 ,
Subject headings (SWD): Kartell , Kartellverfahren , Straffreiheit
Keywords (English): Cartel , antitrust, leniency program
Abstract: Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but these effects are not straight-forward. It is even possible that there is an increase in the total number of cartels. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence, as inference is derived only by detected cartels. This study uses a more direct measure of success, the intensity of competition at the industry level of OECD countries. An instrumental variable approach, reveals a positive effect on industries' competition intensity of leniency programs indicating effectiveness in cartel destabilization and effective deterrence.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Klein, Gordon J. (2010) Cartel destabilization and leniency programs : empirical evidence. Open Access [Working paper]
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