Law and Economics Approaches to Bid Rigging
- New Horizons in Competition Law and Economics series
Chapter 5: The effectiveness of the legal regime applicable to bid rigging in the European Union
This chapter considers whether the European Union (EU) law applicable to bid rigging conspiracies deals effectively with such infringements so that procurement entities may buy at competitive prices. EU cartel law will therefore be measured against the law and economics theory on optimal enforcement. The chapter consists of two parts: the first presents the applicable law; the second examines it from an economic perspective.
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