Mariniello, M., (2013), “Do European fines deter price fixing?”, VoxEU, 22 September.
Cartel fines imposed by the European Commission routinely reach hundreds of millions of euro, having increased since the new 2006 fining policy. This column argues that they are still below their optimal level and come too slowly. Fines were often lower than the additional cartel profits and imposed 10 to 20 years after making the law-breaking decision was made – sometimes after the responsible managers had retired. To speed investigations, the Commission should Increase resources dedicated to inquiries; fines should also be raised.
Relevant Posts
- Osterloh, St., Heinemann, Fr., (2013), “The political economy of corporate tax harmonization — Why do European politicians (dis)like minimum tax rates?”, European Journal of Political Economy, Volume 29, pp. 18–37.
- Whyte, P. and Tilford, S. eds., (2013), The future of Europe’s economy: Disaster or deliverance?, Center for European Reform, 18 September.
- Princen, S., Mourre, G., (2013), “The role of tax policy in times of fiscal consolidation”, European Economy, Economic Papers N.502.