
doi: 10.1086/711392
handle: 2108/275337
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.
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
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
| 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). | 12 | |
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
