Allain, Marie-Laure; Boyer, Marcel; Kotchoni, Rachidi; … - Centre Interuniversitaire de Recherche en Analyse des … - 2013
framework to characterize the compensation and deterrence properties of fines, based on the fact that cartel stability depends … on the ability to prevent deviation, which itself depends in part on fines imposed in case of detection and conviction …. We show that the proper consideration of cartel dynamics plays a major role in determining optimal deterrent fines. Our …