We analyze the effectiveness of antitrust regulation in a repeated oligopoly model in which both fines and detection …

The proliferation of competition law has led to the emergence of a myriad of new antitrust regimes, most of which have … investigative tool used in veteran antitrust systems which involves offering rewards to informants for their disclosure of … in jurisdictions which have limited or no mileage enforcing antitrust laws. Such an endeavor requires the meticulous …

cartels, the leniency program represents a legal, effective and often the only tool available for antitrust enforcers to …

Antitrust enforcement regimes rely on two types of penalties for deterrence: penalties against the violating firm and … area of application is antitrust, but the argument applies generally to other fields in which the government has the choice …

response to the introduction of (ex-ante and ex-post) leniency programs. We disentangle the effects of traditional antitrust … below the price under antitrust without leniency. On the other hand, for ex-post leniency, improvement is possible and …

proliferation of private monopolies. But enforcers could not follow through on the mandate that antitrust laws provided to smash … thereby circumscribing and overthrowing, with increasing frequency, each generation of private monopoly. Antitrust settled … advance that will eventually make them obsolete. Accordingly, antitrust prohibits attempts by firms to degrade the products of …

Today’s antitrust law is characterized by stagnation and indeterminacy. The failure is so thorough that it is not clear … this state of affairs is that antitrust scholars and courts cling to misguided goals and theories that have not evolved … necessarily overlap. The first examines the three principal goals of antitrust — consumer surplus, allocative efficiency, and …

Antitrust courts often confront “mixed” conduct that has two contrasting effects, one harmful and the other beneficial … basis for condemning conduct when the alternative is preferable on balance to the conduct. Balancing in antitrust is not a …

We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to … detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an in finitely-repeated oligopoly …