HomePublications

Quantifying the deterrent effect of anticartel enforcement

Research output: Contribution to journalArticle

Open Access permissions

Open

Documents

DOI

Authors

Organisational units

Abstract

This paper presents a rare attempt to quantify the deterrent effect of anti-cartel policy. It develops a conceptual framework, which establishes the sort of information necessary for such quantification. This is then illustrated and calibrated by drawing upon existing literatures and using evidence from legal cartels to approximate what would be observed absent policy. Measuring impact by the proportion of all potential harm that is deterred, our best estimate is two thirds and, even on conservative assumptions, at least half of all harms (or seven times the detected harm) is deterred.

Details

Original languageEnglish
Pages (from-to)1933-1949
JournalEconomic Inquiry
Volume56
Issue number4
Early online date30 Mar 2018
DOIs
Publication statusPublished - Oct 2018
Peer-reviewedYes

Keywords

    Research areas

  • anti-competitive harm, cartels, detection, deterrence, Monte Carlo stimulation, selection bias

View graph of relations

ID: 129170789

Related by author
  1. A Review of Merger Decisions in the EU

    Research output: Chapter in Book/Report/Conference proceedingChapter

  2. Fines and reputational sanctions: The case of cartels

    Research output: Contribution to journalArticle

  3. Post-merger Price Dynamics Matters, So Why Do Merger Retrospectives Ignore It?

    Research output: Contribution to journalArticle

  4. Does enforcement deter cartels? A tale of two tails

    Research output: Contribution to journalArticle

Related by journal
  1. Forecasting with Social Media: Evidence from Tweets on Soccer Matches

    Research output: Contribution to journalArticle

  2. Property Rights and Loss Aversion in Contests

    Research output: Contribution to journalArticle

  3. Fiscal rules and government borrowing costs: international evidence

    Research output: Contribution to journalArticle