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While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013003617
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013012564
We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated interaction among the retailers and heterogeneity in their...
Persistent link: https://www.econbiz.de/10013223424
This chapter sets out the principles and emerging practice governing cartel damages in the EU and UK. It identifies the … have been be used to estimate overcharges, volume effects, and duration of a cartel. A version of the chapter is to appear …
Persistent link: https://www.econbiz.de/10013212073
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
We re-examine tacit collusion under a simple punishment rule in which firms match any lower price by their rivals, but otherwise leave their prices unchanged. We provide conditions under which this simple rule sustains collusion and is credible. Provided competition is imperfect, collusion can...
Persistent link: https://www.econbiz.de/10014061873
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 …
Persistent link: https://www.econbiz.de/10014068819
The focus of the present work is to study the impact of the second-hand market the collusive behavior. I analyze firms' preferences for having an active second-hand market and whether policies (i.e. leasing policy, buy-back policy and warranty policy) that affect the functioning of the...
Persistent link: https://www.econbiz.de/10013148187
Alternative market structures are distinguishable by the degree of parallel action exhibited by producers. We show that the correlation between output levels varies systematically with the degree of interdependence among firms, and establish an ordering among alternative behavioral hypotheses...
Persistent link: https://www.econbiz.de/10012739733
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive … agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this … result on the incentives of firms to participate in a cartel. Firms will be more willing to participate because otherwise …
Persistent link: https://www.econbiz.de/10011324920