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Is Amnesty Plus More Successful in Fighting Multimarket Cartels? An Exploratory Analysis

Author

Listed:
  • Karine Brisset

    (Université de Franche-Comté)

  • Francois Cochard

    (Université de Franche-Comté)

  • Eve-Angeline Lambert

    (University of Lorraine)

Abstract

This experiment shows how different levels of fines in three antitrust policies—no leniency (NL), standard leniency (LP), and amnesty plus (AP)—can deter multimarket cartels. With a low fine, AP significantly increases multimarket cartels and leads to higher prices. With a high fine, it has the same effect on collusion as do other policies. With regard to one-market cartels, AP decreases cartel stability relative to LP. With a high fine, it leads to more reporting than does LP, before any investigation and after a first cartel conviction. Higher fines also lead to higher prices in NL and LP, but not higher than in AP.

Suggested Citation

  • Karine Brisset & Francois Cochard & Eve-Angeline Lambert, 2023. "Is Amnesty Plus More Successful in Fighting Multimarket Cartels? An Exploratory Analysis," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(2), pages 211-237, September.
    • Handle: RePEc:kap:revind:v:63:y:2023:i:2:d:10.1007_s11151-023-09919-9
    DOI: 10.1007/s11151-023-09919-9
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    References listed on IDEAS

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    More about this item

    Keywords

    Antitrust; Multimarket cartels; Leniency programs; Leniency plus; Price competition with differentiated products;
    All these keywords.

    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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