The Chilean Anti-cartel Experience: Accomplishments and Challenges

Umut Aydin () and Nicolás Figueroa ()
Additional contact information
Umut Aydin: Pontificia Universidad Católica de Chile
Nicolás Figueroa: Pontificia Universidad Católica de Chile

Review of Industrial Organization, 2019, vol. 54, issue 2, No 6, 327-352

Abstract: Abstract We evaluate the Chilean law and enforcement record in the area of cartels. We identify the high probability of cartel detection, severe sanctions for detected cartels, and the predictability and consistency of enforcement practices as crucial factors that help enforcement agencies maximize the deterrent effect of anti-cartel law and policy. Reforms to the competition law in Chile in 2009 and 2016 have increased the probability of cartel detection by introducing more extensive investigative powers and a leniency program, have made sanctions more severe by increasing monetary fines and introducing prison sentences, and have improved the predictability of the leniency program.

Keywords: Antitrust; Cartel; Competition policy; Chile; Regulation; Institutions (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s11151-018-9633-0 Abstract (text/html)
Access to full text is restricted to subscribers.

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:kap:revind:v:54:y:2019:i:2:d:10.1007_s11151-018-9633-0

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11151/PS2

DOI: 10.1007/s11151-018-9633-0

Access Statistics for this article

Review of Industrial Organization is currently edited by L.J. White

More articles in Review of Industrial Organization from Springer, The Industrial Organization Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().