Abstract

http://ssrn.com/abstract=2131964
 


 



Deterrence of Antitrust Violations: Do Actions for Damages Matter in Japan?


Simon Vande Walle


University of Tokyo - Graduate Schools for Law and Politics

December 1, 2011

Asian Journal of Law and Economics, Vol. 2, No. 4, pp. 1-15, 2011

Abstract:     
There is considerable debate about the role private litigation should play in the enforcement of antitrust law. This article focuses on one particular private enforcement mechanism – damages actions – and assesses whether and how much such actions have contributed to deterring antitrust violations in Japan. It does so by answering two questions: (1) how much have damages actions contributed to the detection of antitrust violations?, and (2) how much have damages actions contributed to an increase in the sanctions for antitrust violations?

Based on original data concerning damages actions between 1990 and 2010, the article argues that damages actions have somewhat contributed to deterring certain antitrust violations, bid-rigging in particular, but that this deterrence has mainly originated from the fact that damages imposed an additional sanction on the infringers. Damages actions have rarely brought to light violations that were not detected previously by the Japan Fair Trade Commission or criminal prosecutors. Hence, an almost equivalent measure of deterrence could have been generated more efficiently by imposing higher penalties through public enforcement.

Number of Pages in PDF File: 2

Keywords: antitrust law, private enforcement, damages actions, Japanese Antimonopoly Act, bid-rigging, deterrence

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Date posted: August 19, 2012 ; Last revised: August 20, 2012

Suggested Citation

Vande Walle, Simon, Deterrence of Antitrust Violations: Do Actions for Damages Matter in Japan? (December 1, 2011). Asian Journal of Law and Economics, Vol. 2, No. 4, pp. 1-15, 2011 . Available at SSRN: http://ssrn.com/abstract=2131964

Contact Information

Simon Vande Walle (Contact Author)
University of Tokyo - Graduate Schools for Law and Politics ( email )
7-3-1 Hongo Bunkyo-Ku
Tokyo, 113-0033
Japan
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