Integrating Norms, Knowledge, and Social Ties into the Deterrence Model of Cartels: A Survey Study of Business Executives

Loet Stekelenburg (), Peter Dijkstra, Elianne F. Steenbergen (), Jessanne Mastop () and Naomi Ellemers ()
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Loet Stekelenburg: Netherlands Authority for Consumers and Markets (ACM)
Elianne F. Steenbergen: Utrecht University
Jessanne Mastop: Netherlands Authority for Consumers and Markets (ACM)
Naomi Ellemers: Utrecht University

Review of Industrial Organization, 2023, vol. 63, issue 3, No 1, 275-315

Abstract: Abstract We expand the rational choice theory of crime, as applied to cartels, with three psychological factors—personal norms, social norms and social ties—and knowledge of competition law. Through a survey of Dutch businesses, we find that adding psychological factors substantially increases the explanatory power of the model: All predict attitudes toward future cartel behavior, with personal norms as the strongest (negative) predictor. Better knowledge of competition law relates to stronger deterrence and norms against collusion. We conclude that psychological factors and knowledge of the law are likely necessary to understand and prevent potential cartel behavior.

Keywords: Cartels; Competition law; Deterrence; Compliance; Survey (search for similar items in EconPapers)
JEL-codes: D91 K21 L41 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11151-023-09909-x

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