full-deterrence. We show that the Commission can, in principle, hit the full-compliance equilibrium, where the cartelizing … compliance to Art. 81 EC Treaty and the probabilities of type I and type II errors committed by the European Commission. We … identify four different types of Perfect Bayesian Nash Equilibria: fullcompliance, zero-compliance, positive-compliance and …

individual harm there is concern for an under-deterrence through private enforcement. On the other hand, there are cases where … an over-deterrence. The paper concludes by discussing the consequences for reaching an optimum level of enforcement and …