By Yannis Katsoulacos, Evgenia Motchenkova & David Ulph
In this article we discuss recent theoretical literature pointing to the ineffectiveness, in terms of welfare impact, of currently applied sanctioning regimes for cartels by Competition Authorities (CAs). We then, for the first time, provide a comparison of different regimes taking also into account criteria other than welfare, related to ease of implementation and transparency. We argue the case for switching to a penalty regime, in w
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