Leslie Marx (Bates White Partner and Duke University Professor of Economics) and Claudio Mezzetti (University of Melbourne Professor of Economics) were awarded “Best Economics Article - 2015 Antitrust Writing Awards” for their article, “Effects of Antitrust Leniency on Concealment Effort by Colluding Firms” by the Institute of Competition Law Concurrences Journal. Their paper offers an analysis of the incentives created by an antitrust leniency program, with particular attention to the incentives for cartels to exert effort towards concealment. The results illuminate a need for competition authorities to consider the effects of concealment when evaluating economic evidence of collusion. The results also suggest possible benefits from increasing penalties for cartels that use third-party facilitators.
Read the full article here.
For a list of all the 2015 winners, click here.