Relevance and Shortcomings of Behavioral Economics in Antitrust Deterrence
17 Pages Posted: 24 Oct 2019 Last revised: 20 Nov 2019
Date Written: November 2, 2019
The new paradigm introduced by behavioral studies changes the traditional approach on the incitement to break the law. This paper aims to examine the relevance of a deterrent system based not on the rational choice theory, but on behavioural theory.
Keywords: Antitrust, Competition, Anticompetitive Practices, Deterrence, Behavioral Theory, Rational Choice Theory, Cognitive Biases, Heuristics, Soft Law
JEL Classification: K20, K21, A1
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