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Cartels – Between Theory, Leniency Policy And Fines

Author

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  • Berinde Mihai

    (University of Oradea, Faculty of Economic Sciences)

Abstract

Among the anti-competitive practices sanctioned by competition law, cartel is the most harmful to the competitive environment. Cartel participation is sanctioned both by national and community legislation with large fines, which can reach up to 10% of the turnover of the companies involved. In order to facilitate the detection of cartels, which are, by definition, secret agreements, instructions promoting a leniency program were elaborated at European Commission level, encouraging the participants to provide information regarding the existence of a cartel. It is expected that the large fines applied in cartel cases will increase the attractiveness of the leniency program and, implicitly, to the detection of an even greater number of such practices.

Suggested Citation

  • Berinde Mihai, 2008. "Cartels – Between Theory, Leniency Policy And Fines," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 549-552, May.
    • Handle: RePEc:ora:journl:v:1:y:2008:i:1:p:549-552
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v1-international-business-and-european-integration/119.pdf
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    References listed on IDEAS

    as
    1. Margaret C. Levenstein & Valerie Y. Suslow, 2002. "What Determines Cartel Success?," UMASS Amherst Economics Working Papers 2002-01, University of Massachusetts Amherst, Department of Economics.
    2. William E. Kovacic & Carl Shapiro, 2000. "Antitrust Policy: A Century of Economic and Legal Thinking," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 43-60, Winter.
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    Cited by:

    1. Marvao, Catarina, 2014. "Heterogeneous Penalties and Private Information," SITE Working Paper Series 29, Stockholm School of Economics, Stockholm Institute of Transition Economics.
    2. Catarina Marvão, 2016. "The EU Leniency Programme and Recidivism," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 48(1), pages 1-27, February.
    3. Catarina Marvão, 2016. "The EU Leniency Programme and Recidivism," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 48(1), pages 1-27, February.
    4. SCURT Ciprian, 2020. "The Exchange Of Information Between Competitors And The Antitrust Rules," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 575-585, July.
    5. Marvão, Catarina, 2014. "Heterogeneous Penalties and Private Information," Konkurrensverket Working Paper Series in Law and Economics 2014:1, Konkurrensverket (Swedish Competition Authority).
    6. Beatrice Berna, 2013. "Human Dignity - A Heuristic Discipline Of Human Rights," Contemporary Legal Institutions, Romanian-American University, vol. 5(1), pages 209-216, December.

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    More about this item

    Keywords

    cartel; leniency; fine;
    All these keywords.

    JEL classification:

    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • F10 - International Economics - - Trade - - - General

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