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- W2527884443 abstract "From a consequentialist perspective, the deterrence of undesirable behavior is one of the main functions of a legal system. For antitrust law, the deterrence of cartel behavior is its least controversial goal. Cartels harm markets economies with static and dynamic inefficiencies. And jurisdictions look — often misguidedly — to render collusive behavior unprofitable so that firms do not engage in collusive practices. This article analyzes the Chilean experience in terms of economic and social factors that can induce decision-makers to collude. This study departs from prior work that has emphasized the limits of black box theories to deter corporate crime; the limits of optimal fines in cartel cases; and how social perceptions can also explain the proliferation of criminal behavior. Against this background, I surveyed lawyers in Chile to test how corporate and individual fines, as well as social influence impact people’s disposition to collude. The results shed light on the limits of current cartel deterrence practice. Corporate and individual fines do not deter. Some of these results can be explained according to conventional economic arguments. However, social influence provides further explanations. The main conclusion of this work is that cartel criminalization is advisable for economic and sociological reasons." @default.
- W2527884443 created "2016-10-14" @default.
- W2527884443 creator A5041918224 @default.
- W2527884443 date "2016-10-01" @default.
- W2527884443 modified "2023-09-26" @default.
- W2527884443 title "Cartel Deterrence in Chile: A Survey of Legal Opinion of the Law, Economics and Social Perceptions That Influence Decision-Makers to Collude" @default.
- W2527884443 hasPublicationYear "2016" @default.
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