theory. Furthermore the factors indicate that the cartel could have been anticipated by the Commission. In the examination of which structural factors facilitates collusion, the answers on many factors were slightly ambiguous, however they due provide an indication of where collusion is likely to occur and can be used by the competition authorities to estimate in which industries collusion is likely to occur. Furthermore it is important to emphasise that the factors which facilitates collusion also have an effect on cartel stability, therefore these factors will also be taking into consideration in the next section. Lyt Læs fonetisk Ordbog - 3. Which factors affect cartel stability Present section examines the factors that can have an effect on the stability of a cartel. The different factors can be divided in two groups. The group contains those factors which are related to market structure. The second group contains those factors which are related to the cartels´ internal situation. Furthermore the leniency programs effect on cartel stability will be examined. Before continuing with the examination, some general remarks about the stability within the marine hoses cartel must be commented on. The marine hoses cartel contained three different periods. The first period from 1986-1997 can be characterised as stable. The second period from 1997-2000 can be characterised as instable and the period from 2000 until detection can again be characterised as stable. 3.1 factors in the market structure Cartel stability is contingent on a number of factors. Some of these factors such as seller – concentration, buyer concentration, fluctuation in demand are inherent in the market structure, – thus they cannot be influenced by the cartel
theory. Furthermore the factors indicate that the cartel could have been anticipated by the Commission. In the examination of which structural factors facilitates collusion, the answers on many factors were slightly ambiguous, however they due provide an indication of where collusion is likely to occur and can be used by the competition authorities to estimate in which industries collusion is likely to occur. Furthermore it is important to emphasise that the factors which facilitates collusion also have an effect on cartel stability, therefore these factors will also be taking into consideration in the next section. Lyt Læs fonetisk Ordbog - 3. Which factors affect cartel stability Present section examines the factors that can have an effect on the stability of a cartel. The different factors can be divided in two groups. The group contains those factors which are related to market structure. The second group contains those factors which are related to the cartels´ internal situation. Furthermore the leniency programs effect on cartel stability will be examined. Before continuing with the examination, some general remarks about the stability within the marine hoses cartel must be commented on. The marine hoses cartel contained three different periods. The first period from 1986-1997 can be characterised as stable. The second period from 1997-2000 can be characterised as instable and the period from 2000 until detection can again be characterised as stable. 3.1 factors in the market structure Cartel stability is contingent on a number of factors. Some of these factors – such as seller concentration, buyer concentration, fluctuation in demand – are inherent in the market structure, thus they cannot be influenced by the cartel
Cartels_in_the_EU_from_a_legal_and_economic_perspective.docx