Regulating Collusion

Sylvain Chassang; Juan Ortner

doi:10.1146/annurev-economics-051520-021936

Regulating Collusion

Sylvain Chassang, Juan Ortner

Research output: Contribution to journal › Review article › peer-review

4 Scopus citations

Abstract

We attempt to provide a systemic view of the process of regulating collusion, including detection and prosecution as well as bargaining between firms and regulators via consent orders, the production of evidence, and containment measures that may be taken if collusion cannot be addressed with more direct means. In addition, we try to do justice to the peculiarities of the legal system: Modeling the courts as they are, rather than as economists think they should be, is essential for economic analysis to improve the way collusion is regulated.

Original language	English (US)
Pages (from-to)	177-204
Number of pages	28
Journal	Annual Review of Economics
Volume	15
DOIs	https://doi.org/10.1146/annurev-economics-051520-021936
State	Published - Sep 13 2023

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Keywords

Twombly
artificial intelligence
burden of proof
collusion
consent orders
regulation
safe tests

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10.1146/annurev-economics-051520-021936

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AB - We attempt to provide a systemic view of the process of regulating collusion, including detection and prosecution as well as bargaining between firms and regulators via consent orders, the production of evidence, and containment measures that may be taken if collusion cannot be addressed with more direct means. In addition, we try to do justice to the peculiarities of the legal system: Modeling the courts as they are, rather than as economists think they should be, is essential for economic analysis to improve the way collusion is regulated.

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KW - burden of proof

KW - collusion

KW - consent orders

KW - regulation

KW - safe tests

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JO - Annual Review of Economics

JF - Annual Review of Economics

ER -

Regulating Collusion

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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