Thursday, April 25, 2019

Optimal leniency programe for cartel abuses - an US and European perspective

By: Aleksander Maziarz (Kozminski University)
Abstract: Leniency is a program which gives immunity from fines or reduction of fines in cartel cases for those companies which decide to cooperate with antitrust agencies. The leniency program significantly reduces the difficulties, time and administrative costs of evidence of cartel violations, as the antitrust bodies receives assistance through leniency applications and further cooperation of cartel participant during the administrative procedure. Thanks to this, the antitrust bodies can detect and punish more cartels focusing on other abuses.Recently leniency programs are being misused because the same companies apply for leniency many times without being punished. Therefore, the program needs changes. The paper analyses US and European leniency programs and tries to find optimal solution for elimination of misuse of leniency.
Keywords: cartel, restrictive agreement, leniency, immunity form fines
JEL: K21 K22
Date: 2018–10

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