The Effects of Antitrust Enforcement Events on a Cartel Member's Stock Return and An Empirical Study of Characteristics of Firms Receiving Full Immunity.

Yuan, Heng.

Abstract: Investigation into the deterrence effect of antitrust penalties on collusive behavior has evolved significantly since the early work of Werden (1989). While it is now recognized that the ability of fines to disrupt the "no deviation" conditions necessary for successful collusion means that effective deterrence does not require fines as large as the expected collusive profit, the question... read more

Tufts University. Department of Economics.
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ID: tufts:21572
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