THE DISTORTIVE EFFECTS OF ANTITRUST FINES BASED ON REVENUE
成果类型：
Article
署名作者：
Bageri, Vasiliki; Katsoulacos, Yannis; Spagnolo, Giancarlo
署名单位：
Athens University of Economics & Business; Stockholm School of Economics
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/ecoj.12079
发表日期：
2013
页码：
F545-F557
关键词：
摘要：
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 characterise 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.
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