The dynamics of leniency application and cartel enforcement spillovers

J. Zhou

Research output: Working paperDiscussion paperOther research output

Abstract

We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels that were prosecuted by the European Commission (EC) between 1996 and 2014. The start of an EC investigation does not affect the rate at which conspirators apply for leniency in the market investigated but increases the rate of application in separate markets in which a conspirator in the investigated market also engaged in collusion. Our results shed light on enforcement efforts against cartels and other forms of conspiracy.
Original languageEnglish
Number of pages44
Publication statusPublished - 28 Feb 2016
Externally publishedYes

Publication series

NameTILEC Discussion Paper
Volume2016-006

Keywords

  • leniency
  • cartels
  • collusion
  • multi-market contact
  • enforcement spillovers

Fingerprint Dive into the research topics of 'The dynamics of leniency application and cartel enforcement spillovers'. Together they form a unique fingerprint.

  • Cite this

    Zhou, J. (2016). The dynamics of leniency application and cartel enforcement spillovers. (TILEC Discussion Paper; Vol. 2016-006).