Free Movement of Judgments: Increasing Deterrence of International Cartels Though Jurisdictional Reliance

Simple item page
dc.contributor.authorGal, Michal S.
dc.date.accessioned2021-08-02T14:27:18Z
dc.date.available2021-08-02T14:27:18Z
dc.date.issued2008-10
dc.description.abstractThis article challenges the conventional wisdom that not much can be done under the existing atomistic system of antitrust enforcement to solve the problem of suboptimal deterrence of international cartels. Low deterrence results from the fact that international cartels are generally prosecuted by only a fraction of the jurisdictions harmed by them and that monetary sanctions in those jurisdictions are generally based on harm to their domestic markets only. To solve this problem, this article proposes a novel legal tool which enables countries to adopt and rely upon foreign findings of international hard-core cartels, provided that the foreign decisions meet criteria that ensure that such reliance is reasonable and fair. As elaborated, this free movement of judgments holds potential to overcome the main obstacles to efficient deterrence and to significantly increase both domestic as well as global welfare. Its costs can also be largely overcome by designing appropriate solutions. The political implications are also not prohibitive. As shown, jurisdictions already rely on foreign judgments that do not significantly differ from the decisions at hand.pl_PL
dc.identifier.urihttps://e-bp.inp.pan.pl/handle/123456789/683
dc.language.isoenpl_PL
dc.rights.licenseCC0
dc.rights.urihttps://creativecommons.org/public-domain/cc0/
dc.titleFree Movement of Judgments: Increasing Deterrence of International Cartels Though Jurisdictional Reliancepl_PL
dc.typeOtherpl_PL
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Gal, Free Movement of Judgments - Increasing Deterrence of International Cartels Through Jurisdictional Reliance.pdf
Size:
171.43 KB
Format:
Adobe Portable Document Format
Description:
Gal, Free Movement of Judgments - Increasing Deterrence of International Cartels Through Jurisdictional Reliance
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
OECD Enhanced cooperation