The impact of the 2002 reform of the EU leniency program on cartel outcomes - Archive ouverte HAL Access content directly
Journal Articles International Journal of Industrial Organization Year : 2020

The impact of the 2002 reform of the EU leniency program on cartel outcomes

, (1) ,
1
Annabelle Jochem
  • Function : Author
  • PersonId : 1090233
Giacomo Valletta
  • Function : Author
  • PersonId : 1090234

Abstract

The objective of this study is to empirically assess whether the 2002 reform of the EU leniency program, which brought the EU leniency policy much closer to the US policy, has increased the European Commission’s capability to destabilize cartels while making prosecution more efficient. More specifically, relying on a difference-in-difference approach, we estimate the impact of the 2002 reform on cartel duration, fines before and after applying leniency reductions and duration of investigation. We find that the 2002 reform decreased cartel duration by about 87 percent, but did not significantly affect the other outcome variables. Thus, our findings seem to suggest that the 2002 reform has improved the cartel-destabilizing effect of the EU leniency program, without enhancing however its effectiveness in prosecuting cartels.
Fichier principal
Vignette du fichier
S0167718720300631.pdf (543.36 Ko) Télécharger le fichier
Origin : Files produced by the author(s)

Dates and versions

hal-03131313 , version 1 (15-07-2022)

Licence

Attribution - NonCommercial - CC BY 4.0

Identifiers

Cite

Annabelle Jochem, Pierpaolo Parrotta, Giacomo Valletta. The impact of the 2002 reform of the EU leniency program on cartel outcomes. International Journal of Industrial Organization, 2020, 71, pp.102640. ⟨10.1016/j.ijindorg.2020.102640⟩. ⟨hal-03131313⟩
36 View
17 Download

Altmetric

Share

Gmail Facebook Twitter LinkedIn More