Arbeitspapier
Delays in Leniency Application: Is There Really a Race to the Enforcer's Door?
This paper studies cartels' strategic behavior in delaying leniency applications, a take-up decision that has been ignored in the previous literature. Using European Commission decisions issued over a 16-year span, we show, contrary to common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We estimate hazard and probit models to study the determinants of leniency-application delays. Statistical tests find that delays are symmetrically affected by antitrust policies and macroeconomic fluctuations. Our results shed light on the design of enforcement programs against cartels and other forms of conspiracy.
- Sprache
-
Englisch
- Erschienen in
-
Series: SFB/TR 15 Discussion Paper ; No. 395
- Klassifikation
-
Wirtschaft
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Antitrust Law
Illegal Behavior and the Enforcement of Law
Oligopoly and Other Imperfect Markets
- Thema
-
corporate leniency program
cartel
leniency application delays
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gärtner, Dennis L.
Zhou, Jun
- Ereignis
-
Veröffentlichung
- (wer)
-
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
- (wo)
-
München
- (wann)
-
2012
- DOI
-
doi:10.5282/ubm/epub.14315
- Handle
- URN
-
urn:nbn:de:bvb:19-epub-14315-4
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gärtner, Dennis L.
- Zhou, Jun
- Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Entstanden
- 2012
Ähnliche Objekte (12)
The Timing of Out-of-Court Settlements Revisited: Theory and Cross- Sectional Evidence from Texas since 1988
Evaluating Leniency with Missing Information on Undetected Cartels: Exploring Time-Varying Policy Impacts on Cartel Duration
A Note on 'Modeling the Birth and Death of Cartels with An Application to Evaluating Competition Policy' by Harrington and Chang (2009)
Cartel Duration and Endogenous Private Monitoring and Communication: An Instrumental Variables Approach
The dynamics of leniency application and the knock-on effect of cartel enforcement
Determinants of Noneconomic Damages in Medical Malpractice Settlements and Litigations: Evidence from Texas since 1988
On Study of Two-Dimensional Lunar Scan for Advanced Technology Microwave Sounder Geometric Calibration
Global attractors of the degenerate fractional Kirchhoff wave equation with structural damping or strong damping
A study of a two-dimensional scanned lunar image for Advanced Technology Microwave Sounder (ATMS) geometric calibration
Zwischen ‚Elite von morgen’ und Liu Xue La Ji (‚Müllstudenten’) : Chinesische Studenten in Deutschland
Jackpot Justice: The Value of Inefficient Litigation
An empirical study on project management of reconstruction after disaster based on interpretation system
The Timing of Out-of-Court Settlements Revisited: Theory and Cross- Sectional Evidence from Texas since 1988
Evaluating Leniency with Missing Information on Undetected Cartels: Exploring Time-Varying Policy Impacts on Cartel Duration
A Note on 'Modeling the Birth and Death of Cartels with An Application to Evaluating Competition Policy' by Harrington and Chang (2009)
Cartel Duration and Endogenous Private Monitoring and Communication: An Instrumental Variables Approach
The dynamics of leniency application and the knock-on effect of cartel enforcement
Determinants of Noneconomic Damages in Medical Malpractice Settlements and Litigations: Evidence from Texas since 1988
On Study of Two-Dimensional Lunar Scan for Advanced Technology Microwave Sounder Geometric Calibration
Global attractors of the degenerate fractional Kirchhoff wave equation with structural damping or strong damping
A study of a two-dimensional scanned lunar image for Advanced Technology Microwave Sounder (ATMS) geometric calibration
Zwischen ‚Elite von morgen’ und Liu Xue La Ji (‚Müllstudenten’) : Chinesische Studenten in Deutschland
Jackpot Justice: The Value of Inefficient Litigation
An empirical study on project management of reconstruction after disaster based on interpretation system
The Timing of Out-of-Court Settlements Revisited: Theory and Cross- Sectional Evidence from Texas since 1988
Evaluating Leniency with Missing Information on Undetected Cartels: Exploring Time-Varying Policy Impacts on Cartel Duration
A Note on 'Modeling the Birth and Death of Cartels with An Application to Evaluating Competition Policy' by Harrington and Chang (2009)
Cartel Duration and Endogenous Private Monitoring and Communication: An Instrumental Variables Approach
The dynamics of leniency application and the knock-on effect of cartel enforcement
Determinants of Noneconomic Damages in Medical Malpractice Settlements and Litigations: Evidence from Texas since 1988
On Study of Two-Dimensional Lunar Scan for Advanced Technology Microwave Sounder Geometric Calibration
Global attractors of the degenerate fractional Kirchhoff wave equation with structural damping or strong damping
A study of a two-dimensional scanned lunar image for Advanced Technology Microwave Sounder (ATMS) geometric calibration
Zwischen ‚Elite von morgen’ und Liu Xue La Ji (‚Müllstudenten’) : Chinesische Studenten in Deutschland
Jackpot Justice: The Value of Inefficient Litigation