Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly … direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that …-deterrence model is quite good. We find that U.S. corporate cartel fines are strongly directly related to economic injuries from …

This article distills insights about cartel formation from 41 cases prosecuted by the European Commission between 2001 … following potential causes for cartel formation: Changes in prices, demand and customer conduct, capacity utilization, increased … imports and entry by competitors, and events in the legal and regulatory environment of the firms. Cartel formation is not …

This paper argues that the widely applied practice of using OLS regression to predict “but-for” prices for cartel …-for” prices for the counterfactual scenario that no cartel existed, and to calculate damages based on those predictions. It … estimate of cartel-related damages …

case of cartel violations, both the United States and the EU have introduced guidelines for calculating fines that are … intended to make fining decisions more transparent and to deter cartel formation. The research summarized in this paper finds …-deterrence theory dictates. We do find rather large differences in temporal patterns between U.S. and EC fines: the former do not …