Boyer, Marcel, Faye, Anne Catherine and Kotchoni, Rachidi (2018) Challenges and pitfalls in cartel fining. Canadian Competition Law Review, vol. 31 (n° 1). pp. 50-82.

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Abstract

We analyze significant challenges and pitfalls faced by antitrust authorities in the implementation of competition policies particularly against naked cartels and propose measures principled in economic theory to circumvent these issues. We review leniency programs in different jurisdictions, the private versus public control of cartels, as well as the determination of cartel fines and other punishment instruments. Regarding cartel fines, we first discuss the sometimes-conflicting objectives of restitution and deterrence, then the economic-based versus legal- and proportional-based punishment. Moreover, we assess the proper modeling of cartel dynamics including the probability of detection and conviction, the relevant cartel duration, and the estimation of but-for prices and cartel overcharges.

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• Challenges and pitfalls in cartel policy and fining. (deposited 17 Apr 2018 07:45)
  • Challenges and pitfalls in cartel fining. (deposited 16 Jan 2019 08:41) [Currently Displayed]