Sunday, March 10, 2013
Posted by D. Daniel Sokol
I have a new paper out on cartels and compliance that I think shakes things up a bit. See D. Daniel Sokol, Policing the Firm.
ABSTRACT: Criminal price fixing cartels are a serious problem for consumers. Cartels are hard to both find and punish. Research into other kinds of corporate wrongdoing suggests that enforcers should pay increased attention to incentives within the firm to deter wrong-doing. Thus far, antitrust scholarship and policy have ignored this insight. This article suggests how to improve antitrust enforcement by focusing its efforts on changing the incentives of internal firm compliance.