Armchairers, Australian regulators are currently pushing for jail sentences to be imposed on those found guilty of "price collusion." Their claim is that custodial sentences will act as a more effective deterrent against this kind of collusive behavior, and they cite the US and Europe in support of their claims.
My question: is anyone on this list aware of any US or European empirical studies which actually show that custodial sentences have been more effective than monetary fines as a deterrent against these kinds of "crimes"? Dr Alex Robson School of Economics Faculty of Economics and Commerce Australian National University Canberra ACT 0200. AUSTRALIA Ph +61-2-6125-4909
