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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 …
Persistent link: https://www.econbiz.de/10014050311
Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly … direct test of the optimal deterrence theory of antitrust crimes. Regressions are fitted to a sample of the corporations that …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from …
Persistent link: https://www.econbiz.de/10013085647
We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...
Persistent link: https://www.econbiz.de/10012670921
changing use of tools to assist with detection and punishment. We provide a comprehensive description of critical cartel … prosecutions data over a long time horizon, 1969–2016, this Article examines the attributes of cartel enforcement over time and the … descriptive analysis which tends to reveal three broad phases of U.S. cartel enforcement and prosecutions. The most recent data …
Persistent link: https://www.econbiz.de/10012852491
cartels. The number of cartel investigations has not risen appreciably. Moreover, the number of criminal Section 1 cases filed … annually fell. From 1995-99 to 2004-06 cartel cases filed fell by 49%. The number of corporations charged annually dropped … have grown. The total amount of cartel fines imposed is $4.2 billion. While an impressive amount, damages recouped by U …
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
cartel characteristics. International conspiracies, global cartels, and bid-rigging schemes are granted lower percentage than …
Persistent link: https://www.econbiz.de/10014051794
Product differentiation is well established as being the key source of the cereal industry's high price-cost margins. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether price even serves as a strategic variable in this...
Persistent link: https://www.econbiz.de/10014215451
We study how the optimal degree of conservatism relates to decision-making procedures in a Monetary Policy Committee (MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated by the presence of uncertainty about the committee...
Persistent link: https://www.econbiz.de/10010391838
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706