Competition Policy and Price Fixing by Louis Kaplow PDF

By Louis Kaplow

Throughout the realm, the rule of thumb opposed to fee solving is pageant law's most crucial and least arguable prohibition. but there's some distance much less consensus than meets the attention on what constitutes fee solving, and normal understandings clash with the lessons of oligopoly concept that supposedly underlie sleek pageant policy.

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

In doing so, Louis Kaplow elaborates the proper advantages and prices of capability recommendations, investigates how coordinated fee elevation is better detected in mild of the mistake expenses linked to kinds of facts, and examines applicable sanctions. current literature devotes remarkably little recognition to those key matters and as a substitute issues itself with proscribing consequences to definite forms of interfirm communications. demanding traditional knowledge, Kaplow exhibits how this circumscribed view is much less good grounded within the statutes, rules, and precedents of festival legislation than is a extra direct, useful proscription. extra vital, by means of comparability to the communications-based prohibition, he explains how the direct process objectives occasions that contain either higher social damage and not more possibility of chilling fascinating behavior--and is additionally more uncomplicated to apply.

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Competition Policy and Price Fixing by Louis Kaplow

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