Antitrust Policy: The Impact of Revenue Penalties on Price |
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| Authors: | Caroline Elliott Melinda Acutt |
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| Institution: | 1.Department of Economics, Lancaster University Management School,Lancaster University,Lancaster,UK;2.Network Regulation, OFWAT,Birmingham,UK |
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| Abstract: | The paper examines the impact on a firm’s price when it faces the possibility of an antitrust investigation and associated
potential revenue penalty. As well as presenting a general model of antitrust intervention, an illustrative example reflecting
the provisions of the 1998 UK Competition Act is offered, the example being developed to explore the implications of the probability
of antitrust intervention and punishment increasing non-linearly as a firm’s profit rises. |
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