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U.S.: Numerical analysis shows how to uncover cartels

By  |  December 17, 2012
U.S.: Numerical analysis shows how to uncover cartels

In the context of the ongoing LIBOR scandal and highlighting the progress of more efficient cartel detection, The Economist notes that price data can quickly give antitrust authorities a tip-off to a brewing financial scandal. One method is using Benford’s law, which points out a pattern of most- and least-common digits found in large data sets. It’s a test that has worked to uncover the LIBOR scandal, and in its presentation of how events unfolded, The Economist uses Rosa Abrantes-Metz Rosa Abrantes-Metz’s study of LIBOR data to explain its points.

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    Full Content: The Economist

    Featured content from Rosa Abrantes-Metz: Libor Litigation and the Role of Screening: The Need for Enhanced Compliance Programs

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