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Public and private antitrust enforcement for cartels : should there be a common approach to sanctioning based on the overcharge rate?

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Ulph_2019_RdEC_PublicAndPrivateAntitrust_CCBY_VoR.pdf (229.2Kb)
Date
29/07/2019
Author
Katsoulacos, Yannis
Motchenkova, Evgenia
Ulph, David
Keywords
Antitrust penalties
Antitrust enforcement
Antitrust law
Cartels
HG Finance
T-NDAS
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Abstract
We review recent theoretical literature pointing to the ineffectiveness, in terms of welfare impact, of currently applied sanctioning regimes for cartels by Competition Authorities (CAs). We then provide a comparison of the regimes taking also into account criteria related to ease of implementation and transparency. We argue the case for switching to a penalty regime, in which the penalty base continues to be the currently dominant penalty base of cartel revenue but in which, in contrast to current practice, the penalty rate is based on the rate commonly estimated in order to calculate damages in private damage claims, that is, the overcharge rate.
Citation
Katsoulacos , Y , Motchenkova , E & Ulph , D 2019 , ' Public and private antitrust enforcement for cartels : should there be a common approach to sanctioning based on the overcharge rate? ' , Revista de Economia Contemporânea , vol. 23 , no. 2 , e192321 . https://doi.org/10.1590/198055272321
Publication
Revista de Economia Contemporânea
Status
Peer reviewed
DOI
https://doi.org/10.1590/198055272321
ISSN
1415-9848
Type
Journal article
Rights
Copyright 2019 IE-UFRJ (Instituto de Economia da UFRJ). This is an open access article licence under a Creative Commons CC BY licence.
Collections
  • University of St Andrews Research
URI
http://hdl.handle.net/10023/18217

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