antitrust enforcement

Joseph E. Harrington
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

This article explores the enforcement of those laws intended to promote competitive markets through the prohibition of certain practices such as price-fixing, welfare-reducing mergers, and monopolization. The discovery and prosecution of violations are examined, including the role of leniency programmes. The determination of penalties is investigated with an assessment of their relationship to optimal penalties. Enforcement policy is found to vary over time and its determinants are reviewed. Finally, the efficacy of enforcement is assessed.
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See Also

I appreciate the comments of Vivek Ghosal.
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How to cite this article

Harrington, Joseph E. "antitrust enforcement." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 24 October 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_A000223> doi:10.1057/9780230226203.0048

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