Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2017
In Katsoulacos et al. (2015) we examined the welfare properties of a number of monetary penalty regimes for tackling cartels, including revenue-based penalties, the most widely used regime. We showed that for a typical industry overcharge-based penalties welfare-dominate the others. However...