Abstract

http://ssrn.com/abstract=1016014
 
 

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European Commision Cartel Prosecutions and Fines, 1998-2006 - An Updated Statistical Analysis of Fines Under the 1998 Penalty Guidelines


Cento Veljanovski


Case Associates; Institute of Economic Affairs; Centre for Regulation and Market Analysis (CRMA)

November 21, 2010


Abstract:     
This paper brings up to date an on-going statistical analysis of the fines imposed in cartel prosecutions commenced between 1998 and 2006 by the European Commission and courts on appeal under the 1998 Penalty Guidelines and completed to the end of October 2010. Based on an analysis of all 46 fully reported cartel decisions (which represent all the cartels prosecuted under the 1998 Penalty Guidelines) involving 63 cartels and 355 firms, the report examines how fines were calculated in practice under the guidelines, leniency notices, and adjusted by the European courts on appeal. This update includes additional analysis of the structure of fines, recidivism, appeals, and the duration of the European Commission's investigations.

Number of Pages in PDF File: 23

Keywords: Price-Fixing, Cartel, Fines, Leniency, Recidivism

JEL Classification: D4, K0, L1, L4

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Date posted: September 21, 2007 ; Last revised: December 15, 2010

Suggested Citation

Veljanovski, Cento, European Commision Cartel Prosecutions and Fines, 1998-2006 - An Updated Statistical Analysis of Fines Under the 1998 Penalty Guidelines (November 21, 2010). Available at SSRN: http://ssrn.com/abstract=1016014 or http://dx.doi.org/10.2139/ssrn.1016014

Contact Information

Cento Veljanovski (Contact Author)
Case Associates ( email )
1 Heddon Street
Mayfair
London, W1B 4BD
United Kingdom
+44 (0)20 73764418 (Phone)
HOME PAGE: http://www.casecon.com
Institute of Economic Affairs
2 Lord North Street, Westminster
London, SW1P 3LB
United Kingdom
Centre for Regulation and Market Analysis (CRMA)
Adelaide, South Australia 5001
Australia
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