Showing 1 - 10 of 1,018
Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …
Persistent link: https://www.econbiz.de/10013085647
Government enforcement against collusion, now viewed by the Supreme Court as the “supreme evil” in antitrust, has gone … prosecutions data over a long time horizon, 1969–2016, this Article examines the attributes of cartel enforcement over time and the … changing use of tools to assist with detection and punishment. We provide a comprehensive description of critical cartel …
Persistent link: https://www.econbiz.de/10012852491
detect, indict, and deter horizontal collusion during 1990-2007 and offers policy suggestions likely to improve that … enforcement. Division leaders emphasize that collusion is the agency's number-one priority. Paradoxically, there is evidence that … cartels. The number of cartel investigations has not risen appreciably. Moreover, the number of criminal Section 1 cases filed …
Persistent link: https://www.econbiz.de/10014218279
(1978). This paper examines what Bork said and did not say about cartel enforcement and offers an examination of how actual … the structure of cartel enforcement played out relative to what Bork advocated. To provide some perspective on Bork’s view … of cartel enforcement, we compare his views to those of the other major influential antitrust book of the time by Posner …
Persistent link: https://www.econbiz.de/10014152333
The purpose of this paper is to examine whether the current cartel fine levels of the European Union and the United … results show that on average these cartel overcharges are significantly larger than the criminal fines of either the European … penalties for hard core collusion substantially …
Persistent link: https://www.econbiz.de/10014050311
cartel characteristics. International conspiracies, global cartels, and bid-rigging schemes are granted lower percentage than …
Persistent link: https://www.econbiz.de/10014051794
control drugs. Our analysis highlights (i) the difficulty of establishing a suitable control group when collusion is pervasive … collusion on prices. Our most conservative estimates suggest that collusion led to price increases of between 0% and 166% for …
Persistent link: https://www.econbiz.de/10012670921
. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether … perfect collusion among firms could achieve. Firms are estimated to cooperate on price to the extent that margins are 2 …
Persistent link: https://www.econbiz.de/10014215451
We investigate the effect of competition on price dispersion in the airline industry. Using panel data from 1993 to 2008, we find a non-monotonic effect of competition on price dispersion. An increase in competition is associated with greater price dispersion in concentrated markets but is...
Persistent link: https://www.econbiz.de/10012713310
This paper focuses on the pricing behavior of Japanese and United States firms selling their identical products in New York City, Chicago, Osaka, and Tokyo. The authors utilize some simple models of international price dispersion and market segmentation that generate predictions about testable...
Persistent link: https://www.econbiz.de/10013083123