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Evaluating antitrust leniency programs

  • Joan Ramón Borrell


    (2 Dep. de Política Económica - Institut d'Economia Aplicada (IREA) - Grup de Governs i Mercats (GiM), Universitat de Barcelona, Carrer Tinent Coronel Valenzuela 1-11, Spain; Public-Private Sector Research Center - IESE Business School, University of Navarra, Spain; Centre en Economia de la Salud (CRES) - Universitat Pompeu Fabra.)

  • Juan Luís Jiménez


    (Universidad de Las Palmas de Gran Canaria. Facultad de Economía, Empresa y Turismo. Despacho D. 2-12. 35017. Las Palmas de Gran Canaria)

  • Carmen García


    (Universidad de Las Palmas de Gran Canaria)

This paper identifies and then quantifies econometrically the impact of leniency programs on the perception of the effectiveness of antitrust policies using country level panel data for a 10-year span. Leniency programs have been introduced gradually in antitrust legislation across the globe to fight more effectively against cartels. We use the dynamics of the diffusion of such policy innovation across countries and over time to evaluate the impact of the program. We find that leniency programs have had a significant impact on the perception among the business community of the effectiveness of each country‟s antitrust policy. Leniency programs have become weapons of mass dissuasion in the hands of antitrust enforcers against the more damaging forms of explicit collusion among rival firms in the market place.

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Paper provided by Xarxa de Referència en Economia Aplicada (XREAP) in its series Working Papers with number XREAP2012-01.

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Length: 40 pages
Date of creation: Jan 2012
Date of revision: Jan 2012
Handle: RePEc:xrp:wpaper:xreap2012-01
Contact details of provider: Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques i Empresarials, Universitat de Barcelona, c/ Tinent Coronel Valenzuela, 1-11, 08034 Barcelona
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