Impact of Cartel Enforcement on Compliance in the Chemical Industry

Working Paper

20 Pages Posted: 16 Sep 2021 Last revised: 28 Sep 2022

See all articles by Gianni De Stefano

Gianni De Stefano

European Commission

Andreas Stephan

University of East Anglia (UEA) - Centre for Competition Policy

Date Written: May 1, 2021

Abstract

This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry in the period 1997-2010 and compliance measures announced in the Annual Reports of the undertakings involved. It goes on to focus on Akzo Nobel NV’s unique use of an internal amnesty programme, and the level of compliance in the industry following this period of enforcement. Its findings are consistent with cartel enforcement prompting significant investment in compliance measures, with some evidence of those measures resulting in the earlier reporting of cartels in return for leniency and in enforcement action against only one hard core cartel in the decade that followed.

Keywords: Competition Law, Antitrust, Cartels, Compliance, Leniency, Amnesty

JEL Classification: K21,L41

Suggested Citation

De Stefano, Gianni and Stephan, Andreas, Impact of Cartel Enforcement on Compliance in the Chemical Industry (May 1, 2021). Working Paper, Available at SSRN: https://ssrn.com/abstract=3922923 or http://dx.doi.org/10.2139/ssrn.3922923

Gianni De Stefano

European Commission ( email )

Place Madou, Madouplein 1
Saint-Josse-ten-Noode/Sint-Joost-ten-Noode
Brussels, B-1049
Belgium

Andreas Stephan (Contact Author)

University of East Anglia (UEA) - Centre for Competition Policy ( email )

UEA
Norwich Research Park
Norwich, Norfolk NR4 7TJ
United Kingdom

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