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Mathias Herzing and Jonas Häckner publish in International Review of Law and Economics

The strategic interaction between cartels and anti-trust authorities.



  • We analyze the interaction between colluding firms and a competition authority allocating resources to inspection.
  • An increase in demand is associated with tougher enforcement and a lower degree of collusion.
  • Increasing competitive pressure is associated with a circular relationship between enforcement and the degree of collusion.
  • We simulate the effects of a move from the EU penalty regime to the tougher US standard with treble damages.
  • Introducing treble damages will mainly impact on the enforcement intensity and to a lesser extent affect collusion.

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