Loss, Frédéric; Malavolti, Estelle; Vergé, Thibaud; … - HAL - 2008
Council Regulation (EC) 1/2003 came into force in May 2004 and replaced the mandatory notification of agreements by a regime of ex post monitoring. This paper shows that ex post monitoring is the optimal audit regime when the competition authority's probability of error is low. On the other...