The tables of this article are reproduced on the attached pdf. 1. Previous research offers several surveys on contemporary cartels1. However, these works are mostly based on international cartels or cartels convicted in the United States. To date, there is no complete analysis of cartels operating in the European Union2. The aim of this paper is to bridge this gap, as we present the first systematic study of all the cartels convicted by the European Commission, ranging from the Quinine Cartel in 1969 to the Lifts and Escalators Cartel in February 20073. First, we analyze their characteristics and draw their profiles (I). Second, contrary to other purely descriptive works and in line with other recent studies4, we also provide an econometrical analysis of the determinants of cartel
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PRACTICES - CARTELS - EU - FIRST SYSTEMATIC STUDY OF ALL EU CONVICTED CARTELS (1969-2007) - AFFECTED INDUSTRY - NUMBER OF UNDERTAKINGS - ROLE OF TRADE ASSOCIATION - RECIDIVISM - GEOGRAPHIC SCOPE - CAUSES OF BREAKUP - CARTEL LIFETIME - DETERMINANTS OF CARTEL DURATION - ECONOMETRICAL ESTIMATES - INSTANTANEOUS PROBABILITY OF DETECTION
Cartel Profiles in the European Union
This article presents the first systematic study of all the cartels convicted by the European Commission, from 1969 to the present date. It provides an analysis of their characteristics in terms of affected industry, number of undertakings - evaluating the role of trade association - recidivism, geographic scope and causes of breakup. It also studies cartel lifetime, providing econometrical estimates of the determinants of cartel duration and of the instantaneous probability of detection. We present preliminary evidence on whether our findings corroborate the predictions made by economic theory.
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