LENIENCY POLICY FOR COMPETITIVE ACTIVITY

Ilie Moga
Additional contact information
Ilie Moga: “Lucian Blaga” University, Sibiu

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 333-338

Abstract: A market driven economy is inconceivable without competition. In this system, the competition is beneficial firstly for consumers, but also for producers. The former have the ability to satisfy their needs according to taste and financial ability, while the latter are incentivized to innovate and increase efficiency. Competition induces natural selection among companies. This selection must adhere to strictly abiding by competition law regulation, while regulation must benefit both consumers and producers. The economic development needs an efficient policy to protect competition. Thus, leniency policy helps regulate companies and discourages anticompetitive practices, prevents price fixing, encourages cooperation with competition authorities to prove anticompetitive behavior. This way, companies involved in price fixing can benefit from reduced penalties or immunity from fines.

Keywords: leniency policy; leniency programs; leniency module. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/suplimente/International_Fin ... _BA_2013_XIth_Ed.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:333-338

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().