期刊名称:Discussion Paper / Center for the Study of Law and Economics, Saarbrücken
出版年度:2008
卷号:1
出版社:Center for the Study of Law and Economics
摘要:This paper investigates the effectiveness of the new Council Regulation (EC) 1/2003 which replaces the mandatory notification and authorization system by a legal exception system. Effectiveness is operationalized via the two subcriteria compliance to Art. 81 EC Treaty and the probabilities of type I and type II errors committed by the European Commission.
We identify four different types of Perfect Bayesian Nash Equilibria: fullcompliance, zero-compliance, positive-compliance and full-deterrence. We show that the Commission can, in principle, hit the full-compliance equilibrium, where the cartelizing firms fully obey the requirements of Art 81(3) EC Treaty and both error probabilities are zero.
关键词:competition law, cartel law enforcement, legal exception, imperfect
decision making, type I error, type II error