Antitrust & Competition Policy Blog

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University of Florida
Levin College of Law

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Tuesday, November 4, 2008

Beyond the Cartel Law Handbook: How Corruption, Social Norms and Collectivist Business Cultures can Undermine Conventional Enforcement Tools

Posted by D. Daniel Sokol

Andreas Stephan of the University of East Anglia Centre for Competition Policy offers his thoughts on Beyond the Cartel Law Handbook: How Corruption, Social Norms and Collectivist Business Cultures can Undermine Conventional Enforcement Tools.

ABSTRACT: The combination of leniency programmes, high sanctions, complaints from customers and private actions for damages, has proven very successful at uncovering and punishing cartel agreements in the US. Countless jurisdictions are being encouraged to adopt these 'conventional' enforcement tools, in the absence of an international competition authority. The purpose of this paper is to widen the debate on cartel enforcement by identifying three issues which can undermine their effectiveness in some jurisdictions: (1) Corruption and organised crime; (2) Social norms that are sympathetic to collusive practices; (3) Collectivist business cultures built on personal relationships.

http://lawprofessors.typepad.com/antitrustprof_blog/2008/11/beyond-the-cart.html

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