A PYMNTS Company

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

By  |  December 17, 2012

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Economist

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.