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 …

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 …

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 …

in terms of sanctions and leniency policies. Many of the conclusions appear applicable, with minor changes, to non-antitrust …

, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …

, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …

, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …

convictions for the competition authority at the expense of reduced cartel deterrence and social welfare. Hence, it is vital for …

, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …

, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …