罚款是最为常用的反垄断制裁方式。自其设定以来,倍率式罚款已经成为主流设定方式。21世纪以来,各国明显加大了反垄断罚款处罚力度。而且通过罚款指南实现反垄断罚款的确定性被大多数国家接受并付诸实施,实现最优化威慑目标也成为各国反垄断罚款的基本政策。我国反垄断罚款在这个进程中呈现出不同的特点,目前罚款指南正在制定中,威慑理念在罚款设定和应用中也得到部分体现,但需要进一步修正和完善。 Fines are the most commonly used antitrust sanctions. Since its establishment, magnification fines have become mainstream settings. Since the 21st century, all countries have obviously stepped up the penalties for anti-monopoly fines. Moreover, the certainty of implementing antitrust fines through the guidelines for fines is accepted by most countries and put into practice. To achieve the goal of deterrence optimization has also become the basic policy of antitrust fines in various countries. Antitrust fines in our country show different characteristics in this process. At present, guidelines for fines are being worked out. The concept of deterrence has also been partially reflected in the setting and application of fines, but it needs further revision and improvement.