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The Journal of Legal Studies
Article
License: CC BY NC SA
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Arrow@TU Dublin
Article . 2020
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The Journal of Legal Studies
Article . 2020 . Peer-reviewed
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The Journal of Legal Studies
Article . 2020
License: CC BY NC SA
SSE Research Hub
Other literature type . 2020
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Leniency and Damages: Where Is the Conflict?

Where is the conflict?
Authors: Buccirossi, Paolo; Marvão, Catarina; Spagnolo, Giancarlo;

Leniency and Damages: Where Is the Conflict?

Abstract

Damage actions may reduce leniency programs’ attractiveness for cartel participants if their cooperation with the competition authority increases the chance that the cartel’s victims will sue them. This apparent conflict between public and private antitrust enforcement led to calls for a legal compromise. We show that the conflict is due to the legislation, and a compromise is not required: limiting the victims’ ability to recover their losses is not necessary to preserve the effectiveness of leniency programs and may be counterproductive. We show that damage actions will improve their effectiveness if the civil liability of the immunity recipient is minimized and full access to all evidence collected by the competition authority is granted to claimants. Our results help compare the EU and US damage systems and directly question the 2014 EU directive that tries to protect leniency programs’ effectiveness by restricting access to leniency statements in subsequent damage actions.

Countries
Ireland, Sweden, Italy, United States, Ireland
Keywords

Private and public enforcement, L13, 330, K42, L41, K21, Leniency Program, Industrial Organization, Settore SECS-P/01 - ECONOMIA POLITICA, private and public enforcement, competition policy, Law, cartels, D43

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    12
    popularity
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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
12
Top 10%
Average
Top 10%
Green
hybrid