Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

A Member of the Law Professor Blogs Network

Thursday, March 24, 2011

Deterrence, Recidivism and European Cartel Fines

Posted by D. Daniel Sokol

Cento Veljanovski, Case Associates discusses Deterrence, Recidivism and European Cartel Fines.

ABSTRACT: Based on an analysis of cartel prosecutions since 2007, the way the Commission has built up its fines in practice is assessed. The fines are compared with those imposed by the Commission during 1999-2006. The main findings are that while fines have increased significantly, this is due to less generous reductions of fines under the Commission’s leniency programme. Further, the Commission has not followed the guidelines – fines are generally lower than set out in the guidelines, and it has been overly generous to recidivists setting the fines low and ignoring over 70% of prior convictions.

http://lawprofessors.typepad.com/antitrustprof_blog/2011/03/deterrence-recidivism-and-european-cartel-fines.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0147e2bc49e0970b

Listed below are links to weblogs that reference Deterrence, Recidivism and European Cartel Fines:

Comments

Post a comment