Loss, Frédéric; Malavolti-Grimal, Estelle; Vergé, Thibaud - Centre de Recherche en Économie et Statistique … - 2005
Council Regulation (EC) 1/2003 came into force on the 1st of May 2004 replacing themandatory notification of agreements between firms by a regime of ex post monitoring.This paper provides a theoretical justification for this shift based on the competitionauthority’s accuracy of judgement. We...