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This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We find a robust positive and signficant effect of competition policy asmeasured by...
Persistent link: https://www.econbiz.de/10003909285
, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where …
Persistent link: https://www.econbiz.de/10003909293
This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the … deterrence: 1) sanctions and damages; 2) financial and human resources; 3) powers during the investigation; 4) quality of the law …; 5) independence; and 6) separation of power. We then discuss how to measure deterrence. We review the literature that …
Persistent link: https://www.econbiz.de/10003909295
of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …
Persistent link: https://www.econbiz.de/10011345790
the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability … and within sessions. The across subject analysis clearly rejects the deterrence hypothesis: except for very high levels of … to the deterrence hypothesis and fair-minded subjects for whom deterrent incentives backfire. …
Persistent link: https://www.econbiz.de/10010365846