Regulating Collusion
Sylvain Chassang () and
Juan Ortner
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Sylvain Chassang: Department of Economics, Princeton University, Princeton, New Jersey, USA
Annual Review of Economics, 2023, vol. 15, issue 1, 177-204
Abstract:
We attempt to provide a systemic view of the process of regulating collusion, including detection and prosecution as well as bargaining between firms and regulators via consent orders, the production of evidence, and containment measures that may be taken if collusion cannot be addressed with more direct means. In addition, we try to do justice to the peculiarities of the legal system: Modeling the courts as they are, rather than as economists think they should be, is essential for economic analysis to improve the way collusion is regulated.
Keywords: collusion; regulation; Twombly; burden of proof; safe tests; consent orders; artificial intelligence (search for similar items in EconPapers)
JEL-codes: K2 K4 L4 L5 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:anr:reveco:v:15:y:2023:p:177-204
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DOI: 10.1146/annurev-economics-051520-021936
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