Posted: February 17th, 2022
Positive Effects on the Market and to Consumers
As stated before, cartels often come up with a good agreement between them, especially regarding the determination of prices, the quantities of production, and marketing areas. According to Motta & M.Polo (2003), although such conspiracy is associated with many negative implications, many benefits are worth mentioning.
Some of the governments provide an estimate of the amount of savings made from proceeds of cartel prosecution. For example, the British competition authority estimates that between 2012 and 2015, the amount of consumer savings made as a result of cartel prosecution amounted to approximately GBP 65 million. The amount reflects the direct monetary benefit that the consumers gained from the direct detection and subsequent prosecution of cartels within that period. Besides, the amount is less the additional indirect effects of cartel prosecution. The economic benefits of cartel prosecution can be explained better using the case of Bundeskartellamt’s cartel prosecution activities. The activities were primarily based on recommendations by OECD, and the estimated direct consumer benefit for other years between 2003 and 2008 is as shown in the Figure below.
From the Figure, it is apparent that the estimated consumer benefit for 2003 and 2008 and between 2009 and 2014 was 333 Euros and 460 Euros respectively. The amount of savings indicates that if the competition authority sustains its crack on cartels probably through enhanced approaches such as leniency programs, countries may be likely to improve their economies from such sustained savings.
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