direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of … Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly …

statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account …

statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account …

artificial intelligence affects the sustainability of collusion in an industry. We find that while better forecasting allows …

case of cartel violations, both the United States and the EU have introduced guidelines for calculating fines that are … intended to make fining decisions more transparent and to deter cartel formation. The research summarized in this paper finds …-deterrence theory dictates. We do find rather large differences in temporal patterns between U.S. and EC fines: the former do not …

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 …