direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … Antitrust Division of the DOJ on 124 corporate participants of hard-core global cartels. Our behavioral model provides the first … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …

Scholars and enforcement officials debate the merits and implications of “behavioral antitrust” — the application of … rationality”) to antitrust law. Notwithstanding their many disagreements, both sides in this debate recognize that consumers — as … rationality of consumers poses for antitrust law three distinct, if related, challenges, only the first and most obvious of which …

I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …

essential to move toward a more accurate post-merger price simulation model: change in marginal costs, change in product lines …Horizontal-merger price simulations, which rely upon pre-merger data to predict post-merger prices, have been proposed … and used in antitrust policymaking. However, a dearth of closely observed large mergers in differentiated …