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http://ssrn.com/abstract=1431644
 
 

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Fines Against Hard Core Cartels in Europe: The Myth of Over Enforcement


Emmanuel Combe


Université Paris I Panthéon-Sorbonne

Constance Monnier


Université Paris I Panthéon-Sorbonne

June 8, 2009

Cahiers de Recherche PRISM-Sorbonne Working Paper

Abstract:     
Based on a sample of 64 cartels convicted by the European Commission from 1975 to 2009 and a methodology allowing to estimate restitution and dissuasive fines to be imposed on cartels from microeconomic variables on a case by case basis, this paper compares the level of fines actually inflicted to cartels participants to the illicit gain captured by the firms and estimates a range of restitution and dissuasive fines in each case. Our results show that fines imposed against cartels by the European Commission are overall sub optimal, whatever the level of the probability of detection.

Number of Pages in PDF File: 38

Keywords: Cartels, Antitrust, Competition policy, European Commission

JEL Classification: L40, L41, K21

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Date posted: July 9, 2009 ; Last revised: September 2, 2009

Suggested Citation

Combe, Emmanuel and Monnier, Constance, Fines Against Hard Core Cartels in Europe: The Myth of Over Enforcement (June 8, 2009). Cahiers de Recherche PRISM-Sorbonne Working Paper. Available at SSRN: http://ssrn.com/abstract=1431644 or http://dx.doi.org/10.2139/ssrn.1431644

Contact Information

Emmanuel Combe
University of Paris 1 Pantheon-Sorbonne ( email )
17, rue de la Sorbonne
Paris, IL 75005
France
Constance Monnier (Contact Author)
University of Paris 1 Pantheon-Sorbonne ( email )
17, rue de la Sorbonne
Paris, IL 75005
France
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