Challenges and Pitfalls in Cartel Policy and Fining
Marcel Boyer (),
Anne Catherine Faye and
CIRANO Working Papers from CIRANO
We analyze significant challenges and pitfalls faced by antitrust authorities in the implementation of competition policies particularly against naked cartels and propose measures principled in economic theory to circumvent these issues. We review leniency programs in different jurisdictions, the private versus public control of cartels, as well as the determination of cartel fines and other punishment instruments. Regarding cartel fines, we first discuss the sometimesconflicting objectives of restitution and deterrence, then the economic-based versus legal- and proportional-based punishment. Moreover, we assess the proper modeling of cartel dynamics including the probability of detection and conviction, the relevant cartel duration, and the estimation of but-for prices and cartel overcharges.
Keywords: Competition Policy; Industrial Economics; Regulations; Cartels; Fines; Leniency; Antitrust; Dynamics (search for similar items in EconPapers)
JEL-codes: K21 K42 L22 L40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Challenges and Pitfalls in Cartel Policy and Fining (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2017s-20
Access Statistics for this paper
More papers in CIRANO Working Papers from CIRANO Contact information at EDIRC.
Bibliographic data for series maintained by Webmaster ().