The Increased Importance of Economics in Cartel Cases

The last two decades have seen a significant amount of actual or alleged cartel conspiracies uncovered, particularly in the financial sector, such as the discovery of the LIBOR rigging and the Foreign Exchange rigging, among others. Actual and potential wrongdoers realized that their emails and text messages can, in fact, be uncovered and used against them, and thus learned not to leave such a record of direct evidence behind again. In addition, coordination among competitors either through a hu