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Query: faculty: "FEB" and publication year: "2003"

AuthorJ. Hinloopen
TitleAn economic analysis of leniency programs in antitrust law
JournalDe Economist
Volume151
Year2003
Issue4
Pages415-432
ISSN0013063X
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractWithin a dynamic market environment the forces that drive the effectiveness of leniency programs in antitrust law are analyzed. This effectiveness unambigously is enhanced by (i) increasing the reduction in fine payments in return for reporting a cartel, and (ii) increasing the expected per-period cartel detection probability for any (future) period. Increasing fine payments for violating antitrust law also enhances the programs' effectiveness provided that the reduction in fine payment in return for reporting is large enough. The effectiveness of leniency programs is not influenced by the length of the period of limitation that comes with violating antitrust laws.
Document typeArticle
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