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 … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …