Medidas cautelares en la política de competencia: un análisis de riesgos e incentivos en la función pública colombiana

This paper examines why Colombia’s competition authority rarely uses interim measures, despite their preventive role. Using a threshold model under uncertainty, it incorporates perceived risks faced by public officials—disciplinary, fiscal, and reputational. The analysis shows that inaction is a rational response under personal risk aversion, and that effective reform must address both legal design and institutional incentives.