direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … Antitrust Division of the DOJ on 124 corporate participants of hard-core global cartels. Our behavioral model provides the first … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …

Scholars and enforcement officials debate the merits and implications of “behavioral antitrust” — the application of … rationality”) to antitrust law. Notwithstanding their many disagreements, both sides in this debate recognize that consumers — as … rationality of consumers poses for antitrust law three distinct, if related, challenges, only the first and most obvious of which …

-deterrence theory dictates. We do find rather large differences in temporal patterns between U.S. and EC fines: the former do not …

Can economic theory help - forecasting key macroeconomic variables? This article aims to provide some insight into the … question by drawing lessons from the literature. The definition of ‘economic theory’ includes a broad range of examples, such … of theory-based forecasting that have not proven useful, such as theory-driven variable selection and some popular DSGE …