Antitrust leniency with multiproduct colluders

Marx, Leslie M., Mezzetti, Claudio and Marshall, Robert C. (2015) Antitrust leniency with multiproduct colluders. American Economic Journal: Microeconomics, 7 3: 205-240. doi:10.1257/mic.20140054

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Author Marx, Leslie M.
Mezzetti, Claudio
Marshall, Robert C.
Title Antitrust leniency with multiproduct colluders
Journal name American Economic Journal: Microeconomics   Check publisher's open access policy
ISSN 1945-7685
1945-7669
Publication date 2015-08-01
Year available 2015
Sub-type Article (original research)
DOI 10.1257/mic.20140054
Open Access Status File (Publisher version)
Volume 7
Issue 3
Start page 205
End page 240
Total pages 36
Place of publication Nashville, TN United States
Publisher American Economic Association
Collection year 2016
Language eng
Abstract We use a global games approach to model alternative implementations of an antitrust leniency program as applied to multiproduct colluders. We derive several policy design lessons; e.g., we show that it is possible that linking leniency across products increases the likelihood of conviction in the first product investigated but reduces it in subsequent products. Thus, firms may have an incentive to form sacrificial cartels and apply for leniency in less valuable products to reduce convictions in more valuable products. Cartel profiling can mitigate this undesirable effect, but also reduces the probability of conviction in the first product investigated.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
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