Cartels – Between Theory, Leniency Policy And Fines
AbstractAmong the anti-competitive practices sanctioned by competition law, cartel is the most harmful to the competitive environment. Cartel participation is sanctioned both by national and community legislation with large fines, which can reach up to 10% of the turnover of the companies involved. In order to facilitate the detection of cartels, which are, by definition, secret agreements, instructions promoting a leniency program were elaborated at European Commission level, encouraging the participants to provide information regarding the existence of a cartel. It is expected that the large fines applied in cartel cases will increase the attractiveness of the leniency program and, implicitly, to the detection of an even greater number of such practices.
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Bibliographic InfoArticle provided by University of Oradea, Faculty of Economics in its journal The Journal of the Faculty of Economics - Economic.
Volume (Year): 1 (2008)
Issue (Month): 1 (May)
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cartel; leniency; fine;
Find related papers by JEL classification:
- N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
- F10 - International Economics - - Trade - - - General
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- William E. Kovacic & Carl Shapiro, 2003.
"Antitrust Policy: A Century of Economic and Legal Thinking,"
Law and Economics
- William E. Kovacic & Carl Shapiro, 2000. "Antitrust Policy: A Century of Economic and Legal Thinking," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 43-60, Winter.
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