Files in this item
Penalising on the basis of the severity of the offence : a sophisticated revenue-based cartel penalty
Item metadata
dc.contributor.author | Katsoulacos, Yannis | |
dc.contributor.author | Motchenkova, Evgenia | |
dc.contributor.author | Ulph, David Tregear | |
dc.date.accessioned | 2020-11-06T00:38:18Z | |
dc.date.available | 2020-11-06T00:38:18Z | |
dc.date.issued | 2019-11-07 | |
dc.identifier.citation | Katsoulacos , Y , Motchenkova , E & Ulph , D T 2019 , ' Penalising on the basis of the severity of the offence : a sophisticated revenue-based cartel penalty ' , Review of Industrial Organization , vol. In press . https://doi.org/10.1007/s11151-019-09738-x | en |
dc.identifier.issn | 0889-938X | |
dc.identifier.other | PURE: 261987606 | |
dc.identifier.other | PURE UUID: 6e00eccf-9ce2-402d-86d8-ccddc560410f | |
dc.identifier.other | ORCID: /0000-0003-3171-1270/work/64361506 | |
dc.identifier.other | Scopus: 85074811254 | |
dc.identifier.other | WOS: 000494930500001 | |
dc.identifier.uri | https://hdl.handle.net/10023/20911 | |
dc.description.abstract | We propose a new penalty regime for cartels in which the penalty base is the revenue of the cartel but the penalty rate increases in a systematic and transparent way with the cartel overcharge. The proposed regime formalises how revenue can be used as the base while taking into account the severity of the offence. We show that this regime has better welfare properties than the simple revenue-based regime under which the penalty rate is fixed, while having relatively low levels of implementation costs and uncertainty. We conclude that the proposed penalty regime deserves serious consideration by Competition Authorities. | |
dc.format.extent | 20 | |
dc.language.iso | eng | |
dc.relation.ispartof | Review of Industrial Organization | en |
dc.subject | Antitrust enforcement | en |
dc.subject | Antitrust penalties | en |
dc.subject | Antitrust law | en |
dc.subject | Cartels | en |
dc.subject | HB Economic Theory | en |
dc.subject | HD28 Management. Industrial Management | en |
dc.subject | T-NDAS | en |
dc.subject.lcc | HB | en |
dc.subject.lcc | HD28 | en |
dc.title | Penalising on the basis of the severity of the offence : a sophisticated revenue-based cartel penalty | en |
dc.type | Journal article | en |
dc.description.version | Postprint | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.doi | https://doi.org/10.1007/s11151-019-09738-x | |
dc.description.status | Peer reviewed | en |
dc.date.embargoedUntil | 2020-11-06 |
This item appears in the following Collection(s)
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.