Law360, New York (August 12, 2016, 1:06 PM ET) -- This article provides extracts and an interpretive discussion of the data in the private international cartels (PIC) data set.[1] PIC is a large sample of legal-economic information on private international “hardcore” cartels.[2] The text below summarizes selected cartel statistics from the July 2016 edition of PIC, i.e., cartels prosecuted over the past 26 years. In particular, I present aggregate statistics on numbers, affected sales, damages, corporate penalties, and individual fines and incarceration. Broad geographic differences are highlighted.
Cartel Numbers
Information is available on 1,336 suspected or...