Attached is a formal analysis of a large sample of cartel overcharges that I believe is relevant to your consideration of remedies for naked price fixing. This research suggests that differences in methods of calculating overcharges do not have much effect on variation in the size of those calculations. That is, antitrust prosecutors may be unjustified in their concerns about the difficulties o...

Fuel prices are commonly perceived to be excessively high, which regularly triggers political discussions about fuel price regulations. Consumers demand stricter regulations provide transparency the current level and protect them from sudden fluctuations. Such already in place several countries, but whether they indeed help lower overall is unclear. In this paper, we study effect of Austria's P...

This paper is a non-technical summary of Harrington (2004). Standard methods for calculating antitrust damages in price-fixing cases are shown to create a strategic incentive for firms to price excessively high during the post-cartel phase which causes an overestimate of the but for price and an underestimate of the level of damages. The extent to which damages are underestimated is greater, th...

The dynamic behavior of a price-fixing cartel is explored when it is concerned about creating suspicions that a cartel has formed. Consistent with preceding static theories, the cartel’s steady-state price is decreasing in the damage multiple and the probability of detection. However, contrary to those theories, it is independent of the level of fixed fines. It is also shown that the cartel pri...