Reconciling effectiveness and fairness in the EU leniency policy

TLDR: In this paper, the authors present an approach to reconcile effectiveness and fairness in competition law enforcement in EU Cartel Enforcement, based on the notion of fairness through effectiveness and effectiveness through fairness.

Abstract: ................................................................................................................................ 2 TABLE OF CONTENTS ................................................................................................................ 3 ACKNOWLEDGMENTS .............................................................................................................. 9 LIST OF ABBREVIATIONS ......................................................................................................... 10 CHAPTER 1: INTRODUCTION ................................................................................................... 12 Background and Context ..................................................................................................... 12 I. Problem and Aim of the Thesis ........................................................................................... 13 II. Key Concepts and their Application in this Thesis ............................................................. 16 III. Effectiveness and Fairness ............................................................................................. 17 A. The notion of effectiveness ..................................................................................... 17 1. Notions of fairness ................................................................................................... 18 2. Reconciling Effectiveness and Fairness in Competition Law Enforcement .................. 18 B. Theories of punishment .......................................................................................... 21 1. a. Deterrence ......................................................................................................... 21 b. Retribution ......................................................................................................... 25 c. A mixed theory of punishment ......................................................................... 27 i. Approximation of the theories .................................................................... 28 ii. Application in cartel enforcement ............................................................... 29 Summary .................................................................................................................. 30 2. Application of the Key Notions throughout the Thesis ................................................. 31 C. Effectiveness ............................................................................................................ 31 1. Fairness .................................................................................................................... 32 2. Effectiveness through fairness ................................................................................ 33 3. Methodology ....................................................................................................................... 35 IV. Contribution and Scope ....................................................................................................... 36 V. Structure .............................................................................................................................. 37 VI. CHAPTER 2: EFFECTIVENESS AND FAIRNESS IN EU CARTEL ENFORCEMENT ............................ 40 Introduction ......................................................................................................................... 40 I. Legitimacy in EU cartel enforcement .................................................................................. 41 II.