Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/49882 
Year of Publication: 
2009
Series/Report no.: 
Working Paper No. 549
Publisher: 
The Johns Hopkins University, Department of Economics, Baltimore, MD
Abstract: 
If an antitrust authority chooses policies to maximize the number of successfully prosecuted cartels, when do those policies also serve to minimize the number of cartels that form? When the detection and prosecution of cartels is inherently difficult, we find that an antitrust authority's policies minimize the number of cartels, as is socially desirable. But when the detection and prosecution of cartels is not difficult, an antitrust authority is not aggressive enough in that it prosecutes too few cartel cases.
Document Type: 
Working Paper

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