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 | American English |
---|---|
Pages (from-to) | 177-204 |
Number of pages | 28 |
Journal | Annual Review of Economics |
Volume | 15 |
DOIs | |
State | Published - Sep 13 2023 |
ASJC Scopus subject areas
- Economics and Econometrics
Keywords
- Twombly
- artificial intelligence
- burden of proof
- collusion
- consent orders
- regulation
- safe tests