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Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10014023495

The Predictability of DOJ Cartel Fines

Connor, John M. - 2016

Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly … direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from …

Persistent link: https://www.econbiz.de/10012979998

Cartel Overcharges and Optimal Cartel Fines

Lande, Robert H. - 2007

on average by 10% is much too low, and that principles of optimal deterrence indicate that current levels of cartel …

Persistent link: https://www.econbiz.de/10012728627

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 … 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

Imperfect collusion in an asymmetric duopoly

Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - In: Estudios de economía 45 (2018) 1, pp. 29-50

Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...

Persistent link: https://www.econbiz.de/10011982484

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2016

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

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2015

Persistent link: https://www.econbiz.de/10013012564

Imperfect Collusion in an Asymmetric Duopoly

Escrihuela-Villar, Marc; Gutiérrez-Hita, Carlos - 2021

Persistent link: https://www.econbiz.de/10013243009

Not from Concentrate : Collusion in Collaborative Industries

Barry, Jordan M.; Hatfield, John William; Kominers, … - 2021

It is a core principle of antitrust law and theory that reduced market concentration lowers the risk of anticompetitive …

Persistent link: https://www.econbiz.de/10013245478

The collusive efficacy of competition clauses in Bertrand Markets with capacity-constrained retailers

Trost, Michael - 2021

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/10012546930