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Leniency and cooperation programs are considered important instruments to assist in the effectiveness of the antitrust policy and they are designed to achieve the following purposes: in the short run to facilitate detection of cartels and in the long run to destabilize existing cartels and deter the appearance of new ones. This study aims to analyze empirically whether the Brazilian leniency program has been delivering these outcomes. To this end, it tests the hypotheses developed by Brenner (2009) to assess the effectiveness of the EU leniency program. KEYWORDS: cartels; antitrust; leniency program; cooperation program; CADE  RESUMO: Os programas de leniencia e cooperacao sao considerados ferramentas importantes para auxiliar na efetividade da politica de defesa da concorrencia e sao desenhados para atenderem aos seguintes propositos: no curto prazo facilitar a deteccao de carteis e no longo prazo desestabilizar carteis existentes e desincentivar o surgimento de novos. O presente trabalho busca analisar empiricamente se o programa de leniencia brasileiro tem atendido a estes propositos. Para tanto, testaram-se em dados brasileiros as hipoteses desenvolvidas por Brenner (2009) para avaliar a efetividade no programa de leniencia da Uniao Europeia. PALAVRAS-CHAVE: carteis; defesa da concorrencia; programa de leniencia; compromisso de cessacao; CADE

LENIENCY AND COOPERATION PROGRAMS IN BRAZIL: AN EMPIRICAL ANALYSIS FROM 1994 TO 2014