Thursday, November 13, 2008
Posted by D. Daniel Sokol
John Connor of Purdue University's Applied Economics Department provides a very useful empirical study on Cartel Amnesties Granted: Worldwide Whistleblowers.
ABSTRACT: This paper describes and analyzes the outcomes of cartel-whistleblower programs around the world, including those of the United States and Canada, which keep the identities of amnesty recipients secret before and after a case is closed. A total of at least 65 corporations have received full leniency from 16 antitrust authorities that made 110 amnesty decisions. These companies, several of them recipients of multiple amnesties, participated in 84 international cartels that ended from 1994 to 2008. By reducing public information on the identities of previous whistleblowers, the confidentiality policies of the DOJ and some other authorities appear to reduce the number of cartels to be detected in the future.