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TitleThe Impact of Different Antitrust Laws on the Actions of Cartels
CreatorWang,Jue-Shyan; Chen,Yi-Shao
Contributor政大財政系
Key WordsCartel;Leniency Policy;Bayesian Nash Equilibrium
Date2010-06
Date Issued26-Aug-2013 16:11:28 (UTC+8)
SummaryThe issues about antitrust laws are getting much attention nowadays. And many countries over the world adopt leniency policies to control the actions of cartels. We used a game-theoretical model to discuss the equilibrium of cartels under different antitrust laws. And we modify the model of Blum et al. [1] to analyze the equilibriums of firms under the different mechanisms of leniency policies. We find out that the value of fine will affect the existence of a cartel, and the recognitions of legitimacies for cartels are important as well. When the antitrust authorities ask firms to propose appliances in advance to let the cartels be legal, firms would incline not to become a cartel. It’s quite different from the other mechanism which firms can confess to the antitrust authorities after they’ve already become a cartel.
RelationTheoretical Economics Letters, 2(5), 455-458
Typearticle
DOI http://dx.doi.org/10.4236/tel.2012.25085
dc.contributor 政大財政系en_US
dc.creator (作者) Wang,Jue-Shyan; Chen,Yi-Shaoen_US
dc.date (日期) 2010-06en_US
dc.date.accessioned 26-Aug-2013 16:11:28 (UTC+8)-
dc.date.available 26-Aug-2013 16:11:28 (UTC+8)-
dc.date.issued (上傳時間) 26-Aug-2013 16:11:28 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/59173-
dc.description.abstract (摘要) The issues about antitrust laws are getting much attention nowadays. And many countries over the world adopt leniency policies to control the actions of cartels. We used a game-theoretical model to discuss the equilibrium of cartels under different antitrust laws. And we modify the model of Blum et al. [1] to analyze the equilibriums of firms under the different mechanisms of leniency policies. We find out that the value of fine will affect the existence of a cartel, and the recognitions of legitimacies for cartels are important as well. When the antitrust authorities ask firms to propose appliances in advance to let the cartels be legal, firms would incline not to become a cartel. It’s quite different from the other mechanism which firms can confess to the antitrust authorities after they’ve already become a cartel.en_US
dc.language.iso en_US-
dc.relation (關聯) Theoretical Economics Letters, 2(5), 455-458en_US
dc.subject (關鍵詞) Cartel;Leniency Policy;Bayesian Nash Equilibriumen_US
dc.title (題名) The Impact of Different Antitrust Laws on the Actions of Cartelsen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.4236/tel.2012.25085en_US
dc.doi.uri (DOI) http://dx.doi.org/10.4236/tel.2012.25085en_US