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Why are these agreements subject to the highest fines and, in some countries USA, Canada, Mexico, UK , subject to both fines as well as imprisonment? What are the economic grounds for such severe punishment? How important is an economic analysis for the results of anti-cartel proceedings considering that they are prohibited per se, that is, absolutely and unconditionally? Does growing market concentration and resulting transparency increase the significance of the economic approach to the evaluation of market effects of the behaviour of business?
Which methods make it possible to differentiate cartels from competition in oligopolistic markets including economic and econometric analyses? Bernatt M. Fox E. Hovenkamp H. The Law of Competition and its Practice, St. Posner R. Economic Notes and Other Materials. Second Edition, West Publishing Varian H. Whish R. Login Create Account Admin.
Economic Approach to Counteracting Cartels. All papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners. View Item. Bain J. Kelly Publishers, USA Baumol W. Branderburger A. Cabral L. Czarny E. Fornalczyk A. Gronowski S. Principle and Execution, Harvard Hylton K. Motta M. Theory and Practice, Cambridge Rahl J. Samuelson P. Stiglitz J. Tirole J. Williamson O. Analysis and Antitrust Implications, New York
Economic Approach to Counteracting Cartels