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The dynamics of leniency application and the knock-on effect of cartel enforcement

Jun Zhou

Working Papers from Bruegel

Abstract: Highlights The authors study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission investigation does not affect the rate by which conspirators apply for leniency in the market investigated, but increases the rate of application in separate markets in which a conspirator in the investigated market...

Date: 2016-02
New Economics Papers: this item is included in nep-com and nep-law
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