Optimal Institutional Structure of Competition Authorities Under Reputation Maximization: A Model and Empirical Evidence from the Case of Russia

B-Tier
Journal: Review of Industrial Organization
Year: 2019
Volume: 54
Issue: 2
Pages: 251-282

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We contribute to the debate on the optimal structure of Competition Authorities (CAs), a debate of particular relevance in younger developing country jurisdictions. We propose a model of a reputation-maximizing CA in which reputation is increasing with enforcement success. This predicts that generalist CAs will focus on decisions in activities with low probability of annulment and low investigation and litigation costs and that this could be detrimental to welfare (relative to the more balanced activity portfolio of specialist CAs). We use a data set of appealed decisions of the Russian CA to provide an empirical support for the model’s assumptions and predictions.

Technical Details

RePEc Handle
repec:kap:revind:v:54:y:2019:i:2:d:10.1007_s11151-018-9640-1
Journal Field
Industrial Organization
Author Count
3
Added to Database
2026-01-24