Similar Search Results

Optimal Leniency Programs when Firms Have Cumulative and Asymmetric Evidence

Blatter, Marc; Emons, Winand; Sticher, Silvio - C.E.P.R. Discussion Papers - 2014

distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …; this may increase the cost of deterrence. …

Persistent link: https://www.econbiz.de/10011083745

Remedy for Now but Prohibit for Tomorrow: The Deterrence Effects of Merger Policy Tools

Barros, Pedro Pita; Clougherty, Joseph A.; Seldeslachts, Jo - C.E.P.R. Discussion Papers - 2007

Antitrust policy involves not just the regulation of anti-competitive behavior, but also an important deterrence effect …. Neither scholars nor policymakers have fully researched the deterrence effects of merger policy tools, as they have been … words, prohibitions involve a deterrence effect but remedies do not. …

Persistent link: https://www.econbiz.de/10005791805

The Deterrence Effects of U.S. Merger Policy Instruments

Clougherty, Joseph A.; Seldeslachts, Jo - C.E.P.R. Discussion Papers - 2011

We estimate the deterrence effects of U.S. merger policy instruments with respect to the composition and frequency of …-losses: deterrence variables akin to the traditional conditional probabilities from the economics of crime literature. We find the … conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …

Persistent link: https://www.econbiz.de/10009225959

How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition?

Barros, Pedro Luis Pita; Clougherty, Joseph A.; … - C.E.P.R. Discussion Papers - 2009

We show that the number of merger proposals (frequency-based deterrence) is a more appropriate indicator of underlying … changes in merger policy than the relative anti-competitiveness of merger proposals (composition-based deterrence). This has … strong implications for the empirical analysis of the deterrence effects of merger policy enforcement, and potential …

Persistent link: https://www.econbiz.de/10008577815

The Distortive Effects of Antitrust Fines Based on Revenue

Bageri, Vasiliki; Katsoulacos, Yannis; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2013

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/10011084408

Competition Law in Post-Central Planning Bulgaria

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1997

This paper investigates the activities of the Bulgarian competition office, the Commission for the Protection of Competition, during 1991–5. Descriptive statistics are provided on the industry incidence of investigations, the types of behaviour that were investigated, and the frequency with...

Persistent link: https://www.econbiz.de/10005656340

Competition Policy in Portugal

Barros, Pedro Luis Pita; Mata, José - C.E.P.R. Discussion Papers - 1996

Modern economies predominantly rely on the working of markets. To ensure that markets are a level playing field for economic agents, competition policies are usually included in the legal framework that regulates economic activities. Portugal is no exception to this rule. This paper reviews the...

Persistent link: https://www.econbiz.de/10005114491

Competition Policy in Switzerland

Neven, Damien J; von Ungern-Sternberg, Thomas - C.E.P.R. Discussion Papers - 1996

This paper provides a critical review of competition policy in Switzerland. We analyse the legal statute, the institutional arrangements for its implementation and the case law since 1985. We find that the Cartel Commission, which was given wide discretion by the law, has been relatively immune...

Persistent link: https://www.econbiz.de/10005124301

Optimal market design

Boone, Jan; Goeree, Jacob K. - C.E.P.R. Discussion Papers - 2010

This paper introduces three methodological advances to study the optimal design of static and dynamic markets. First, we apply a mechanism design approach to characterize all incentive-compatible market equilibria. Second, we conduct a normative analysis, i.e. we evaluate alternative competition...

Persistent link: https://www.econbiz.de/10008530381

Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence

Clougherty, Joseph A. - C.E.P.R. Discussion Papers - 2009

Motivated by the general lack of empirical scholarship concerning the cross-national environment for competition policy, I present measures here of the overall resources dedicated to competition policy and the merger policy work-load for thirty-two antitrust jurisdictions over the 1992-2007...

Persistent link: https://www.econbiz.de/10008577802