Abstract

http://ssrn.com/abstract=988707
 
 

References (54)



 
 

Citations (15)



 


 



Effectiveness of Antitrust Sanctions on Modern International Cartels


John M. Connor


Purdue University; American Antitrust Institute (AAI)

December 1, 2006

Journal of Industry, Competition, and Trade 6 (2006): 195-223

Abstract:     
This paper assesses the antitrust fines and private penalties imposed on the participants of 260 international cartels discovered during 1990-2005, using four indicators of enforcement effectiveness. First, the United States is almost always the first to investigate and sanction international cartels, and its investigations are about seven times faster than EU probes. Second, U.S. investigations were more likely to be kept confidential than those in Europe, but the gap nearly disappeared since 2000. Third, median government antitrust fines average less than 10% of affected commerce, but rises to about 35% in the case of multi-continental conspiracies. Civil settlements in jurisdictions where they are permitted are typically 6 to 12% of sales. Canadian and U.S. fines and settlements imposed higher penalties than other jurisdictions. Fourth, fines on cartels that operated in Europe averaged a bit more than half of their estimated overcharges; those prosecuted only in North America paid civil and criminal sanctions of roughly single damages; and global cartels prosecuted in both jurisdictions typically paid less than single damages.

Number of Pages in PDF File: 29

Keywords: cartel, international, antitrust, optimal deterrence, penalties, fines

JEL Classification: B14, F29, K22, L12, L41, L42, L44, L65, L11, L13, N60, K21, K14

Accepted Paper Series


Download This Paper

Date posted: May 31, 2007 ; Last revised: March 9, 2013

Suggested Citation

Connor, John M., Effectiveness of Antitrust Sanctions on Modern International Cartels (December 1, 2006). Journal of Industry, Competition, and Trade 6 (2006): 195-223 . Available at SSRN: http://ssrn.com/abstract=988707 or http://dx.doi.org/10.2139/ssrn.988707

Contact Information

John M. Connor (Contact Author)
Purdue University ( email )
610 Purdue Mall
West Lafayette, IN 47906
United States
+1 765-494-4600 (Phone)
American Antitrust Institute (AAI)
2919 Ellicott Street, N.W.
Suite 1000
Washington, DC 20008-1022
United States
HOME PAGE: http://www.antitrustinstitute.com
Feedback to SSRN


Paper statistics
Abstract Views: 2,116
Downloads: 507
Download Rank: 29,674
References:  54
Citations:  15

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.281 seconds