Narrow search
Showing 1 - 10 of 33
Cover Image
Penalizing cartels : the case for basing penalties on price overcharge
Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10010408455
Cover Image
Legal Principles in Antitrust Enforcement
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2013
challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
Persistent link: https://www.econbiz.de/10011255939
Cover Image
Antitrust Enforcement and Marginal Deterrence
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2011
-repeated oligopoly model. Bankruptcy considerations ensure abnormal cartel profits. We derive the optimal fine schedule that achieves …
Persistent link: https://www.econbiz.de/10011256547
Cover Image
Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2010
enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently … close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive …
Persistent link: https://www.econbiz.de/10011257337
Cover Image
Penalizing Cartels: The Case for Basing Penalties on Price Overcharge
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - Tinbergen Instituut - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10011261929
Cover Image
Competitive prices as optimal cartel prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - In: Economics Letters 114 (2012) 1, pp. 39-42
In a linear oligopoly model with antitrust enforcement, the optimal cartel price converges to the competitive …
Persistent link: https://www.econbiz.de/10010597211
Cover Image
Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Institute - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …
Persistent link: https://www.econbiz.de/10008838625
Cover Image
Penalizing Cartels: The Case for Basing Penalties on Price Overcharge
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - School of Economics and Finance, University of St. Andrews - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10010937850
Cover Image
Measuring the Effectiveness of Anti-Cartel Interventions: A Conceptual Framework
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - 2016
This paper develops a model of the birth and death of cartels in the presence of enforcement activities by a Competition Authority (CA). We distinguish three sets of interventions: (a) detecting, prosecuting and penalizing cartels; (b) actions that aim to stop cartel activity in the short-term,...
Persistent link: https://www.econbiz.de/10011451518
Cover Image
Legal Principles in Antitrust Enforcement
Houba, Harold; Motchenkova, Evgenia - 2013
challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
Persistent link: https://www.econbiz.de/10010326400