Corrupting Cartels: An Overview of the Petrobras Case
15 november, 2019
Working paper: This paper aims to describe the corruption case and the connected cartels that affected one of the biggest Brazilian companies by analyzing how the cartel members acted and the contracts affected or potentially affected by the illegal activity.
By Kleno Barbosa and Giancarlo Spagnolo
This paper provides an overview of the corruption case and the connected cartels that affected one of the biggest Brazilian state-owned companies, Petrobras, and the highly controversial ‘Operation Car Wash’. We focus on the behavior of cartel members and study the size of the contracts affected or potentially affected by the illegal activity, comparing them with comparable sets of contracts selected with three different matching approaches.