The Impact of a Corporate Leniency Program on Antitrust Enforcement and Cartelization

  title={The Impact of a Corporate Leniency Program on Antitrust Enforcement and Cartelization},
  author={Myong-Hun Chang and Joseph E. Harrington},
To explore the e¢ cacy of a corporate leniency program, a Markov process is constructed which models the stochastic formation and demise of cartels. Cartels are born when given the opportunity and market conditions are right; while cartels die because of internal collapse or they are caught and convicted by the antitrust authority. The likelihood that a cartel, once identi…ed, is convicted inversely depends on the caseload of the antitrust authority due to a resource constraint. The authority… CONTINUE READING


Publications referenced by this paper.
Showing 1-7 of 7 references

Maier-Rigaud, “Triggering Inspections Ex O¢ cio: Moving Beyond a Passive EU Cartel Policy,”

Friederiszick, W. Hans, P. Frank
Journal of Competition Law and Economics, • 2008
View 1 Excerpt

Optimal Corporate Leniency Programs

Joseph E. HarringtonJr
View 1 Excerpt

Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Path,”in The Political Economy of Antitrust

Chen, Joe, Joseph E. Harrington, Jr., “The
Vivek Ghosal and Johan Stennek, eds., Amsterdam: Elsevier, • 2007
View 3 Excerpts

“Strategic Leniency and Cartel Enforcement,”University of California-Berkeley

Miller, H Nathan
View 1 Excerpt

Similar Papers

Loading similar papers…