conditional probability of eliciting an antitrust challenge (i.e.,remedies and prohibitions) involves the strongest deterrence …

was found to have abused the basing-point system, our method can be used to estimate antitrust damages. …

computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust … authority is able to block mergers at some cost. We examine the optimal policy when the antitrust authority can commit to a … antitrust authority. We find that optimal policy can differ substantially from what would be best considering only welfare in …