European Competition Policy Modernization: From Notification to Legal Exception
Loss, Frédéric; Malavolti-Grimal, Estelle; Vergé, Thibaud; Berges-Sennou, Fabian (2008), European Competition Policy Modernization: From Notification to Legal Exception, European Economic Review, 52, 1, p. 77–98. 10.1016/j.euroecorev.2007.02.001
Type
Article accepté pour publication ou publiéDate
2008-01Journal name
European Economic ReviewVolume
52Number
1Publisher
International Arts and Sciences Press
Pages
77–98
Publication identifier
Metadata
Show full item recordAuthor(s)
Loss, FrédéricMalavolti-Grimal, Estelle
ENAC - Laboratoire d'Economie et d'Econométrie de l'Aérien [LEEA]
Groupe de recherche en économie mathématique et quantitative [GREMAQ]
Vergé, Thibaud
CREST-LEI
Berges-Sennou, Fabian
Groupe de recherche en économie mathématique et quantitative [GREMAQ]
Abstract (EN)
Council Regulation (EC) 1/2003 came into force in May 2004 and replaced the mandatory notification of agreements by a regime of ex post monitoring. This paper shows that ex post monitoring is the optimal audit regime when the competition authority's probability of error is low. On the other hand, the notification system becomes optimal when the competition authority's probability of error is high. The paper also shows that block exemptions and black list (regimes of per se (il)legality) should be implemented when the agreements’ expected welfare impact is very high and very low, respectively.Subjects / Keywords
Politique de la concurrence; Competition policy; Imperfect auditRelated items
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