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Innovation and Optimal Punishment, with Antitrust Applications

Hylton, Keith N.; Lin, Haizhen - 2015

the optimal punishment scheme …

Persistent link: https://www.econbiz.de/10014047026

On the Alleged Disproportionate Sentencing of Cartel Managers

Connor, John M. - 2016

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...

Persistent link: https://www.econbiz.de/10014125707

The Size of Cartel Overcharges : Implications for U.S. and E.U. Fining Policies

Connor, John M.; Lande, Robert H. - 2008

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...

Persistent link: https://www.econbiz.de/10014050311

The Incoherence of Punishment in Antitrust

Waller, Spencer Weber - 2009

tort law, particularly in the area of punishment. Since the passage of the Sherman Act in 1890, the principal remedies for … that the level of criminal punishment, both in terms of imprisonment of individuals and fines for corporations, has … the total punishment and compensation embodied in this system is too high or too low. Rather than reenter that debate …

Persistent link: https://www.econbiz.de/10014051800

Determination of Optimal Penalties for Antitrust Violations in a Dynamic Setting

Motchenkova, Evgenia - 2004

We analyze a differential game describing the interactions between a firm that might be violating competition law and the antitrust authority. The objective of the authority is to minimize social costs (loss in consumer surplus) induced by an increase in prices above marginal costs. It turns out...

Persistent link: https://www.econbiz.de/10014068611

The role of supply side substitution in setting antitrust fines in the UK

Mullan, Hugh - 2022

In the UK, the value of the fine imposed on an undertaking which has infringed the Competition Act 1998 is based on the ‘relevant turnover’ of the undertaking. This includes any turnover the undertaking receives from demand and supply side substitutes to the products over which the...

Persistent link: https://www.econbiz.de/10014078632

The Distortive Effects of Antitrust Fines Based on Revenue

Katsoulacos, Yannis; Bageri, Vasiliki; Spagnolo, Giancarlo - 2022

In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some others, caps on fines are introduced based on total firm sales rather than on affected commerce. We uncover a number of distortions that these policies generate, propose simple...

Persistent link: https://www.econbiz.de/10014079197

Cartel penalties under endogenous detection

Akyapi, Berkay; Turner, Douglas C. - In: Review of industrial organization 61 (2022) 3, pp. 341-371

Persistent link: https://www.econbiz.de/10013457741

Sentencing Antitrust Offenders : Reconciling Economic Theory with Legal Theory

Dau-Schmidt, Kenneth Glenn - 2005

. The author argues that economic models which propose antitrust punishment be limited to fines and then to fines that are … levied against only business entities, are deficient because they account for only the general deterrent effect of punishment …

Persistent link: https://www.econbiz.de/10014065269

Antitrust Fines and Managerial Liability

Franck, Jens-Uwe; Seyer, Till - 2023

If an antitrust fine has been imposed on a company, the question of managerial recourse liability arises. We present court cases from the Netherlands, the UK, and Germany, in part denying managerial liability and claiming that it would undermine the fines’ deterrent effect. We analyse whether...

Persistent link: https://www.econbiz.de/10014344596