The Distortive Effects of Antitrust Fines Based on Revenue
Bibliographic Data
| ID | 9710314 |
|---|---|
| Authors | Vasiliki Bageri (Athens University of Economics and Business), Yannis Katsoulacos (0000-0002-0232-1225, Athens University of Economics and Business), Giancarlo Spagnolo (0000-0003-4117-6283, SITE‐Stockholm School of Economics, Tor Vergata University and CEPR) |
| Year | 2013 |
| Volume | 123 |
| Issue | 572 |
| Pages | F545-F557 |
| Publication date | 2013-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12079 |
| OpenAlex | W2171760251 |
| Language | EN |
| Citations received | 3 |
| References cited | 9 |
In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some others, caps on fines are introduced based on total firm sales rather than on affected commerce. We uncover a number of distortions that these policies generate, propose simple models to characterize their comparative static properties, and quantify them with simulations based on market data. We conclude by discussing the obvious need to depart from these distortive rules-of-thumb that appear to have the potential to substantially reduce social welfare
Business · Economics · Industrial organization · International trade · Revenue · Corporate Finance and Governance · Finance · Law, Economics, and Judicial Systems · Merger and Competition Analysis
| Citations per year | 0.23 |
|---|---|
| Citation span | 2013 - 2019 (7) |
| Highly cited | No |