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International cartel enforcement : lessons from the 1990s

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Author Info

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

Abstract

The enforcement record of the 1990s shows that private international cartels are not defunct--nor do they always fall quickly under the weight of their own incentive problems. Of a sample of 40 such cartels prosecuted by the United States and the European Union in the 1990s, 24 lasted at least four years. And for the 20 cartels in this sample where sales data are available, the annual worldwide turnover in affected products exceeded $30 billion. National competition policies address harm in domestic markets, and in some cases prohibit cartels without taking strong enforcement measures. The authors propose a series of reforms to national policies and steps to enhance international cooperation that will strengthen the deterrents against international cartelization. Furthermore, the authors argue that 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 cartelization by merging or by taking other measures that lessen competitive pressures.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2680.

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Date of creation: 30 Sep 2001
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Handle: RePEc:wbk:wbrwps:2680

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Related research

Keywords: Legal Products; Environmental Economics&Policies; Microfinance; Economic Theory&Research; Small Scale Enterprise; Environmental Economics&Policies; Economic Theory&Research; Legal Products; Microfinance; Private Participation in Infrastructure;

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References

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  1. Dick, Andrew R, 1996. "When Are Cartels Stable Contracts?," Journal of Law and Economics, University of Chicago Press, vol. 39(1), pages 241-83, April.
  2. Louis Kaplow & Steven Shavell, 1999. "Economic Analysis of Law," NBER Working Papers 6960, National Bureau of Economic Research, Inc.
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Cited by:
  1. 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.
  2. Cai, Xiaowei & Stiegert, Kyle W., 2010. "Cartel Dissolution with Effective Antitrust Policy," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61297, Agricultural and Applied Economics Association.
  3. 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).
  4. BENCHEKROUN, Hassan & GAUDET, Gérard & LONG, Ngo Van, 2004. "Temporary Natural Resource Cartels," Cahiers de recherche 03-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  5. Neubecker, Leslie, 2002. "The strategic effect of debt in dynamic price competition with fluctuating demand," Tübinger Diskussionsbeiträge 250, University of Tübingen, School of Business and Economics.
  6. Brenner, Steffen, 2009. "An empirical study of the European corporate leniency program," International Journal of Industrial Organization, Elsevier, vol. 27(6), pages 639-645, November.

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