Download e-book for kindle: Competition Policy and Price Fixing by Louis Kaplow

By Louis Kaplow

ISBN-10: 0691158622

ISBN-13: 9780691158624

Throughout the realm, the rule of thumb opposed to fee solving is festival law's most vital and least arguable prohibition. but there's a long way much less consensus than meets the attention on what constitutes cost solving, and familiar understandings clash with the lessons of oligopoly thought that supposedly underlie glossy pageant policy.

Competition coverage and value Fixing presents the wanted analytical starting place. It bargains a clean, in-depth exploration of festival law's horizontal contract requirement, offers a scientific research of the way top to deal with the matter of coordinated oligopolistic cost elevation, and compares the ensuing direct method of the orthodox prohibition.

In doing so, Louis Kaplow elaborates the correct advantages and prices of strength suggestions, investigates how coordinated cost elevation is healthier detected in gentle of the mistake expenses linked to kinds of facts, and examines acceptable sanctions. present literature devotes remarkably little cognizance to those key matters and in its place issues itself with restricting consequences to sure forms of interfirm communications. tough traditional knowledge, Kaplow indicates how this circumscribed view is much less good grounded within the statutes, ideas, and precedents of pageant legislations than is a extra direct, practical proscription. extra vital, by way of comparability to the communications-based prohibition, he explains how the direct strategy pursuits occasions that contain either larger social damage and no more danger of chilling fascinating behavior--and is additionally more uncomplicated to apply.

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