TITLE

The size of cartel overcharges: Implications for U.S. and EU fining policies

AUTHOR(S)
Connor, John M.; Lande, Robert H.
PUB. DATE
December 2006
SOURCE
Antitrust Bulletin;Winter2006, Vol. 51 Issue 4, p983
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on the cartel fines and its significance to U.S. and the European Union (EU). The cartel overcharge is larger than the criminal fines of EU and the U.S. which means that U.S. and EU should increase their penalties for hard-core collusion. Monetary fines are the only punishment imposed by EU to the convicted corporate cartel participants. In the U.S. the maximum fine is 80% of the sales in the cartelized market during the entire conspiracy period.
ACCESSION #
25532571

 

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