On the Scope for the European Commission's 2006 Fining Guidelines Under the Legal Fine Maximum

Journal of Competition Law and Economics, Vol. 2, No. 4, pp. 673-682, 2006

Amsterdam Center for Law & Economics Working Paper No. 2006-13

11 Pages Posted: 26 Oct 2006

See all articles by Iwan Bos

Iwan Bos

Maastricht University

Maarten Pieter Schinkel

University of Amsterdam - Department of Economics; Tinbergen Institute - Tinbergen Institute Amsterdam (TIA)

Date Written: October 2006

Abstract

In its recently published fining guidelines, the European Commission bases antitrust fines on affected commerce with the objective to deter competition law infringements. We show that Article 23(2) of Regulation 1/2003 constrains this approach at low fractions of the value of affected EEA commerce over total worldwide turnover. The legal maximum leaves the Commission little scope to apply its new fining method effectively.

Keywords: antitrust, fines, European Commission

JEL Classification: L4, K21, K42

Suggested Citation

Bos, Iwan and Schinkel, Maarten Pieter, On the Scope for the European Commission's 2006 Fining Guidelines Under the Legal Fine Maximum (October 2006). Journal of Competition Law and Economics, Vol. 2, No. 4, pp. 673-682, 2006; Amsterdam Center for Law & Economics Working Paper No. 2006-13. Available at SSRN: https://ssrn.com/abstract=940107 or http://dx.doi.org/10.2139/ssrn.940107

Iwan Bos

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200MD
Netherlands

Maarten Pieter Schinkel (Contact Author)

University of Amsterdam - Department of Economics ( email )

Roetersstraat 11
1018 WB Amsterdam
Netherlands
+31 20 525 7132 (Phone)
+31 20 525 5318 (Fax)

Tinbergen Institute - Tinbergen Institute Amsterdam (TIA) ( email )

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

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