of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …. This interdependency is important since, in the case of legal uncertainty, higher fines may reduce the willingness to …

currently existing fine level of the EU Guidelines is too low to achieve optimal deterrence. …

of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …. This interdependency is important since, in the case of legal uncertainty, higher fines may reduce the willingness to …

currently existing fine level of the EU Guidelines is too low to achieve optimal deterrence. …

the infringed firms and the ‘Deterrence period’, which follows the ‘Investigation period’ and ends with the final judgment …

We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects … deterrence effects before leniency programs were introduced. Previous simulations of the effects of fines ignore the different … under different assumptions on the legal and economic environment. It is likely that European fines have not had significant …

of fines, other social sanctions, the producers‘ capability to influence certain attributes (including costs of quality … minimizes monitoring costs including (a) the harm prevented and (b) the revenues from fines. First, monitoring measures are … (b) prospective damages which justify a control frequency of one hundred percent, no fines at all should be stipulated in …