Skip to content

Research at St Andrews

Penalizing cartels—a spectrum of regimes

Research output: Contribution to journalArticle

DOI

Open Access Status

  • Embargoed (until 5/06/21)

Author(s)

Yannis Katsoulacos, Evgenia Motchenkova, David Ulph

School/Research organisations

Abstract

There has been much discussion by both academics and policymakers of the most appropriate way of penalizing cartels taking account of both the effects of different penalty regimes on welfare as well as various implementation considerations such as ease/cost of implementation and transparency/legal certainty. Consequently there now exists a range of proposed penalty regimes—including two put forward by ourselves. While these can all seem like very distinct regimes, in this article we show that they can usefully be thought of as lying along a spectrum, inter-connected by the idea of trying to penalize cartels in relation to the damage they cause. They differ in their informational requirements, and in particular whether some key factors needed to calculate the penalty are case-specific or an average across a wide range of cases. Subtle differences in what information is required and how it is used can sometimes cause significant changes in either the welfare or implementation properties of regimes. This new perspective may provide a helpful way of organizing the discussion about the pros and cons of the different proposals.
Close

Details

Original languageEnglish
Article numberjnz013
Number of pages13
JournalJournal of Antitrust Enforcement
VolumeAdvance articles
Early online date5 Jun 2019
DOIs
Publication statusE-pub ahead of print - 5 Jun 2019

    Research areas

  • Antitrust penalties, Antitrust enforcement, Antitrust law, Cartels

Discover related content
Find related publications, people, projects and more using interactive charts.

View graph of relations

Related by author

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

    Katsoulacos, Y., Motchenkova, E. & Ulph, D., 29 Jul 2019, In : Revista de Economia Contemporânea. 23, 2, e192321.

    Research output: Contribution to journalArticle

  2. Environmental policy when consumers value conformity

    Ulph, A. & Ulph, D., 20 Sep 2018, In : Journal of Environmental Economics and Management. In press

    Research output: Contribution to journalArticle

  3. Subjective well-being, consumption comparisons and optimal income taxation

    Slack, S. & Ulph, D., Aug 2018, In : Journal of Public Economic Theory. 20, 4, p. 455-476

    Research output: Contribution to journalArticle

  4. Regulatory decision errors, legal uncertainty and welfare: a general treatment

    Katsoualcos, Y. & Ulph, D. T., Jul 2017, In : International Journal of Industrial Organization. 53, p. 326-352

    Research output: Contribution to journalArticle

  5. Optimal universal and categorical benefit provision with classification errors and imperfect enforcement

    Slack, S. & Ulph, D., Apr 2017, In : Journal of Public Economic Theory. 19, 2, p. 289-311 23 p.

    Research output: Contribution to journalArticle

ID: 259230806