Séminaire GREDEG - Axel Gautier (Université de Liège)

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"Optimal Enforcement of Competition Policy: The Commitments Procedure under Uncertainty"

21-01-2016 - 14h00 à 15h30 - Salle Picasso

Axel Gautier

(Université de Liège)

 

Jeudi 21 janvier 2016 

 

Résumé : Since the introduction of a commitments procedure in EU antitrust policy (Article 9 of Council Regulation 1/2003), the European Commission has extensively settled cases of alleged anticompetitive practices. In this paper, we use a formal model of law enforcement (Bebchuk, 1984; Shavell, 1988) to identify the optimal procedure to resolve cases in a context of uncertainty related to the law (L-uncertainty) and to the facts (F-uncertainty). We show that commitments are suboptimal when L-uncertainty is high. Furthermore, the generalized use of commitments creates an additional risk of underenforcement when F-uncertainty is significant.

 

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