Journal Article

AN ECONOMIC APPROACH TOWARDS FINE VALUE OPTIMIZATION FOR ANTIMONOPOLY VIOLATIONS

Sergey Petrov and Aleksandr Shmakov

in Journal of Competition Law & Economics

Volume 11, issue 3, pages 775-790
Published in print September 2015 | ISSN: 1744-6414
Published online May 2015 | e-ISSN: 1744-6422 | DOI: https://dx.doi.org/10.1093/joclec/nhv012
AN ECONOMIC APPROACH TOWARDS FINE VALUE OPTIMIZATION FOR ANTIMONOPOLY VIOLATIONS

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  • Microeconomics
  • Market Structure, Firm Strategy, and Market Performance
  • Energy and Utilities
  • Antitrust Issues and Policies
  • Production and Organizations
  • Market Structure and Pricing
  • Law and Economics

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The article proposes an approach to the identification of optimal fine value for the Antitrust Law violation based on the analysis of incentives of economic entities to violate the law. This approach was tested with the example of the oil industry and coal industry entities of the Russian economy.

Keywords: D02; D24; D43; K21; K23; L13; L40; L94

Journal Article.  5140 words.  Illustrated.

Subjects: Microeconomics ; Market Structure, Firm Strategy, and Market Performance ; Energy and Utilities ; Antitrust Issues and Policies ; Production and Organizations ; Market Structure and Pricing ; Law and Economics

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