Settlements and appeals in the European Commission's cartel cases : an empirical assessment


Hellwig, Michael ; Hüschelrath, Kai ; Laitenberger, Ulrich


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URL: https://ub-madoc.bib.uni-mannheim.de/40652
URN: urn:nbn:de:bsz:180-madoc-406522
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-010
Place of publication: Mannheim
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: K21 , L41,
Keywords (English): Antitrust policy , cartels , settlements , appeals , ex-post evaluation , European Union
Abstract: 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 the impact of the settlement procedure on the probability to file an appeal. Based on the estimation of a model of the firm’s decision to appeal in the presettlement era, we subsequently run out-of-sample predictions to estimate the number of hypothetical appeals cases in the settlement era absent the settlement procedure. Our findings of a settlement-induced reduction in the number of appeals of up to 55 percent allow the conclusion that the introduction of the settlement procedure generated substantial additional benefits to society beyond its undisputed key contribution of a faster and more efficient handling of cartel investigations by the EC.

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Hellwig, Michael ; Hüschelrath, Kai ; Laitenberger, Ulrich (2016) Settlements and appeals in the European Commission's cartel cases : an empirical assessment. Open Access ZEW Discussion Papers Mannheim 16-010 [Working paper]
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