International Cartel Enforcement: Lessons from the 1990s

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International Cartel Enforcement: Lessons from the 1990s

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Simon J. Evenett
Margaret C. Levenstein
Valerie Y. Suslow

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Simon John Evenett

Abstract

The enforcement record of the 1990s has demonstrated that international private cartels are neither relics of the past nor do they always fall quickly under the weight of their own incentive problems. Of a sample of forty cartels prosecuted by the United States and European Inion in the 1990s, twenty-four cartels lasted at least four years. And for the twenty of the cartels in this sample where sales data are available, the annual worldwide sales in the affected products exceeded US$30 billion. Prevailing national competition policies are oriented towards addressing harm done in domestic markets, and in some cases merely prohibit cartels without taking strong enforcement measures. In this paper we propose a sequence of reforms to national policies and to international cooperation that will strengthen the deterrents against international cartels. Furthermore, aggressive prosecution of cartels must be complemented by vigilance in other areas of competition policy. If not, firms will respond to the enhanced deterrents to cartelisation by merging or by taking other measures that lessen competitive pressures. Copyright Blackwell Publishers Ltd 2001.

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Article provided by Blackwell Publishing in its journal The World Economy.

Volume (Year): 24 (2001)
Issue (Month): 9 (09)
Pages: 1221-1245
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Handle: RePEc:bla:worlde:v:24:y:2001:i:9:p:1221-1245

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Paper
- Evenett, Simon J. & Levenstein, Margaret C. & Suslow, Valerie Y., 2001. "International cartel enforcement : lessons from the 1990s," Policy Research Working Paper Series 2680, The World Bank. [Downloadable!]
- Simon J. Evenett & Margaret C. Levenstein & Valerie Y. Suslow, 2001. "International Cartel Enforcement: Lessons from the 1990s," Working Papers 2001-01, University of Massachusetts Amherst, Department of Economics. [Downloadable!]

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Grant, Hugh & Thille, Henry, 2001. "Tariffs, Strategy, And Structure: Competition And Collusion In The Ontario Petroleum Industry, 1870 1880," The Journal of Economic History, Cambridge University Press, vol. 61(02), pages 390-413, June. [Downloadable!]
Dick, Andrew R, 1996. "When Are Cartels Stable Contracts?," Journal of Law & Economics, University of Chicago Press, vol. 39(1), pages 241-83, April.
Louis Kaplow & Steven Shavell, 1999. "Economic Analysis of Law," NBER Working Papers 6960, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Kaplow, Louis & Shavell, Steven, 2002. "Economic analysis of law," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 25, pages 1661-1784 Elsevier. [Downloadable!] (restricted)

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Ajit SINGH, 2002. "Competition And Competition Policy In Emerging Markets: International And Developmental Dimensions," G-24 Discussion Papers 18, United Nations Conference on Trade and Development. [Downloadable!]
Other versions:
- Ajit Singh, 2002. "Competition and competition policy in emerging markets: international and developmental dimensions," ESRC Centre for Business Research - Working Papers wp246, ESRC Centre for Business Research. [Downloadable!]
Cook, Paul, 2002. "Competition Policy, Market Power and Collusion in Developing Countries," Centre on Regulation and Competition (CRC) Working papers 30681, University of Manchester, Institute for Development Policy and Management (IDPM). [Downloadable!]

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