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Working paper

Leniency program and cartel deterrence in Russia: effects assessment

Yusupova G. F.
The empirical assessment of leniency program (LP) in Russia show the effects of changes in the rules on the behavior of market participants. In this paper we test hypotheses about LP enforcement against the characteristics of cartels: their subject, duration and the number of participants. We show that LP in Russia make enforcement of the behavior of market participants less effective and accordingly reduces cartel discoveries. However the reforms of Program in 2009 gives some positive results