The progress of cooperation in antitrust enforcement between the United States and the European Union is a rich and continuing history, complete with many successes and a few bumps along the road. James F. Rill (Baker Botts)

We will discuss the perception of lax antitrustenforcement, as well as what we believe is the actual status quo, as a basis for forecasting what future enforcement policy might be.

In this paper, we examine the literature surrounding the debate and suggest that the harm resulting from Type 1 error more likely and more often exceeds that stemming from Type 2 error.