In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …

attention to cartel detection methods, the derivation of corporate fines, the quantification of private damages and … possibilities to judge on the successfulness of cartel enforcement activities by competition authorities around the world …

authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the … penalties, if imposed at maximum levels, would extract about 12 times cartel overcharges, a level sufficient to deter most firms … from forming or joining a cartel. However, applying optimal deterrence concepts to the characteristics of modern …

We investigate cartelists’ merger behavior using European Commission (EC) cartel decisions over a 28-year span and … few particular industries and usually include only a minority of the cartel participants. The EC’s leniency programs … expedite mergers. The EC’s cartel settlement procedure delays merger. After cartel dissolution, co-conspirators merge at a …

We investigate cartelists' merger behavior using European Commission (EC) cartel decisions over a 28-year span and … in a few particular industries and usually include only a minority of the cartel participants. The EC's leniency program … appears to expedite mergers, while the EC's cartel settlement procedure appears to delay mergers. After cartel dissolution, co …

. We show that a social planner would further restrict trade than the perfect cartel would, and how the socially optimal …

. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …

The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel … derives estimates of the economic effects of the decision. The results indicate that the detection of the cartel may have led …