Integrating Norms, Knowledge, and Social Ties into the Deterrence Model of Cartels: A Survey Study of Business Executives
We expand the rational choice theory of crime, as applied to cartels, with three psychological factors—personal norms, social norms and social ties—and knowledge of competition law. Through a survey of Dutch businesses, we find that adding psychological factors substantially increases the explanator...
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Veröffentlicht in: | Review of industrial organization 2023-11, Vol.63 (3), p.275-315 |
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creator | van Stekelenburg, Loet Dijkstra, Peter T. van Steenbergen, Elianne F. Mastop, Jessanne Ellemers, Naomi |
description | We expand the rational choice theory of crime, as applied to cartels, with three psychological factors—personal norms, social norms and social ties—and knowledge of competition law. Through a survey of Dutch businesses, we find that adding psychological factors substantially increases the explanatory power of the model: All predict attitudes toward future cartel behavior, with personal norms as the strongest (negative) predictor. Better knowledge of competition law relates to stronger deterrence and norms against collusion. We conclude that psychological factors and knowledge of the law are likely necessary to understand and prevent potential cartel behavior. |
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subjects | Cartels Competition policy Costs Crime Deterrence Economics Economics and Finance Enforcement Executives (Business) Fines & penalties Hypotheses Industrial Organization Knowledge Law Microeconomics Perceptions Polls & surveys Profits Psychological aspects Rational choice Social norms |
title | Integrating Norms, Knowledge, and Social Ties into the Deterrence Model of Cartels: A Survey Study of Business Executives |
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