EconPapers    
Economics at your fingertips  
 

STATISTICS ON MODERN PRIVATE INTERNATIONAL CARTELS, 1990-2005

John Connor () and C. Gustav Helmers ()
Additional contact information
C. Gustav Helmers: Department of Agricultural Economics, College of Agriculture, Purdue University

No 06-11, Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics

Abstract: This report explains the principal economic and legal features of a unique set of data on 283 modern private international cartels discovered anywhere in the world from January 1990 to the end of 2005. Measured in real 2005 money, aggregate cartel sales and overcharges totaled about $1.2 trillion and $500 billion, respectively. In the early 2000s, about 35 such cartels were discovered each year. We find that global cartels comprise more than half of the sample’s affected sales and are larger, longer lasting, and more injurious than other types. In the early 2000s world-wide corporate penalties stabilized at or above $2 billion per year, one-thousand times penalties in the early 1990s. More than 40% of those penalties were from settlements in private suits, and most of the rest are fines imposed by U.S. and EU antitrust authorities. Median penalties are low: from 1.4% to 4.9% of affected sales, depending on the type of prosecution. As a proportion of damages, median fines ranged from less than 1% for EU-wide cartels to 17.6% for Canada. Private plaintiffs obtained 38% of damages from international cartelists. World wide, median real cartel penalties of all types amounted to less than 5% of overcharges. [See Summary next page for more details]

Keywords: cartel; price fixing; overcharge; antitrust enforcement; optimal deterrence (search for similar items in EconPapers)
JEL-codes: L12 L42 K22 B14 F29 (search for similar items in EconPapers)
Pages: 86 pages
Date: 2006
New Economics Papers: this item is included in nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/bitstream/28650/1/wp060011a.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://ageconsearch.umn.edu/bitstream/28650/1/wp060011a.pdf [302 Found]--> https://tind-customer-agecon.s3.amazonaws.com/49bc255e-598e-4004-af6b-5e11107ab573?response-content-disposition=attachment%3B%20filename%2A%3DUTF-8%27%27wp060011a.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Expires=86400&X-Amz-Credential=AKIAXL7W7Q3XHXDVDQYS%2F20200321%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-SignedHeaders=host&X-Amz-Date=20200321T113827Z&X-Amz-Signature=f4bee7d0a5eb72d0774dcd3240b93adfd7027f0fea8b8aa7737b8be95a22bcc2)

Related works:
Working Paper: STATISTICS ON MODERN PRIVATE INTERNATIONAL CARTELS, 1990-2005 (2006) Downloads
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:pae:wpaper:06-11

Access Statistics for this paper

More papers in Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by Debby Weber ().

 
Page updated 2020-03-29
Handle: RePEc:pae:wpaper:06-11