There is a wide gulf between EU and US antitrust authorities on the prevalence of serial cartel conduct. These attitudinal differences have resulted in disparate anti-cartel enforcement practices with regard to enhanced penalties for corporate recidivism. Cartel recidivism is regarded as a...

It has been at least 40 years since two books hankering after popular acclaim have been written about antitrust. James Lieber focuses on perhaps the greatest price fixing trial of the late 20th century - the government's conviction of three top executives of Archer Daniels Midland, "Supermarket...

Around 2012, authorities discovered one of the most complex set of cartels in the world in its construction industry. Dozens of companies large and small colluded on the price of bids for public works in several cities in the Province of Quebec over a decade or more. Bidding firms, some with...

In the historic Finnish Asphalt case, a court provided both considerable direct compensation for the 40 municipalities that sued and also several types of indirect relief. After laboriously weighing complex economic, statistical, and testimonial evidence, the Court boldly sided with the economic...

Expert opinion of antitrust practitioners is divided as to whether U.S. courts hand down more severe sentences on foreigners guilty of criminal price fixing compared to U.S. cartelists. The opinions in support of discrimination appear to be based on a small number of sentences imposed in quite...

This paper describes the sources and methods used to create the PIC data set, which the author believes to be the largest collection of legal-economic information on contemporary price-fixing cartels. It details the scope, strengths, and limitations of the data therein. Moreover, summary...

We use extended ARCH and GARCH models to examine the differences in the behavior of the first two moments of the price distribution during collusive and competitive phases of two recently discovered conspiracies, citric acid and lysine. According to our results, the conspirators managed to raise...

In a paper published in the Journal of Economic Perspectives in the fall of 2003, Robert Crandall and Clifford Winston all but call for the repeal of the Nation's antitrust laws. Their qualifications to make such a radical proposal are in doubt, but more importantly their purported review of...

The purpose of this paper is to examine whether the current cartel fine levels of the European Union and the United States are at the optimal levels. The article does this by collecting and analyzing the available information concerning the size of the overcharges caused by hard core pricing...

In this paper I aim to explain accepted methods of forensic analysis and how forensic economics is used in the context of competition-law enforcement. I illustrate forensic analysis with examples from antitrust cases involving price fixing. I define forensic economics as economic analysis...