R. van der Noll
- Compliance with cartel laws and the determinants of deterrence - an empirical investigation
- European Competition Journal
- Volume | Issue number
- 13 | 2-3
- Pages (from-to)
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
This paper empirically investigates the drivers of compliance to cartel law and deterrence properties of enforcement tools with conjoint firm-level online survey data from the Netherlands. Compliance is measured by a response to varying hypothetical cartel scenarios. Respondents were asked to indicate the likelihood on a scale from 1 (lowest) to 10 (highest) that they would end a cartel that they discovered within their organization. The personal fine for the manager and the fine for the company have a statistically significant deterrent effect. Firm size, publicity following an infringement and the leniency program have no significant effect on compliance. For the most deterring scenario, the probability of a fully compliant outcome (defined as likelihood equal to 10) is estimated at .68. Self-reported knowledge of cartel law, having a compliance officer and the habit to consult a lawyer on competition law matters are statistically significant drivers of compliance.
- go to publisher's site
If you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library, or send a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible.