Bageri, Vasiliki; Katsoulacos, Yannis; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2013
In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some others, caps on fines are introduced based on total firm sales rather than on affected commerce. We uncover a number of distortions that these policies generate, propose simple...
