Economics, Econometrics and Finance
8 years ago

Leniency Policy Proven Effective in Preventing Cartels and Protecting Competition.

Preventing Cartels: the Effectiveness of Leniency Policy
Danguolė Klimašauskienė

Paper Summary

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The article discusses how leniency policies can help prevent cartels by making them less stable. By analyzing cartel prosecutions, the researchers found that leniency programs, along with strong enforcement and sanctions, are effective in detecting and punishing anticompetitive agreements.