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The Resource Competition policy and price fixing, Louis Kaplow

Competition policy and price fixing, Louis Kaplow

Creator
Summary
"Throughout the world, the rule against price fixing is competition law's most important and least controversial prohibition. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings conflict with the teachings of oligopoly theory that supposedly underlie modern competition policy. Competition Policy and Price Fixing provides the needed analytical foundation. It offers a fresh, in-depth exploration of competition law's horizontal agreement requirement, presents a systematic analysis of how best to address the problem of coordinated oligopolistic price elevation, and compares the resulting direct approach to the orthodox prohibition. In doing so, Louis Kaplow elaborates the relevant benefits and costs of potential solutions, investigates how coordinated price elevation is best detected in light of the error costs associated with different types of proof, and examines appropriate sanctions. Existing literature devotes remarkably little attention to these key subjects and instead concerns itself with limiting penalties to certain sorts of interfirm communications. Challenging conventional wisdom, Kaplow shows how this circumscribed view is less well grounded in the statutes, principles, and precedents of competition law than is a more direct, functional proscription. More important, by comparison to the communications-based prohibition, he explains how the direct approach targets situations that involve both greater social harm and less risk of chilling desirable behavior--and is also easier to apply"--provided by publisher
Language
eng
Work
Publication
Extent
xvi, 490 pages
Contents
  • Preface
  • Introduction
  • Horizontal agreements
  • Defining the problem
  • Communications
  • Statutory provisions and higher court interpretations
  • U.s. lower court practice
  • Paradox of proof
  • Oligopoly theory and the agreement requirement
  • Price-fixing policy
  • Social welfare
  • Framework for decision-making
  • Detection : market-based evidence
  • Detection : other types of evidence
  • Liability assessment
  • Sanctions
  • Unilateral market power
  • Additional considerations
  • Comparison of approaches
  • Communications-based prohibition
  • Detection of prohibited communications
  • Further topics
Isbn
9780691158624
Instance
Label
Competition policy and price fixing
Title
Competition policy and price fixing
Statement of responsibility
Louis Kaplow
Creator
Subject
Language
eng
Summary
"Throughout the world, the rule against price fixing is competition law's most important and least controversial prohibition. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings conflict with the teachings of oligopoly theory that supposedly underlie modern competition policy. Competition Policy and Price Fixing provides the needed analytical foundation. It offers a fresh, in-depth exploration of competition law's horizontal agreement requirement, presents a systematic analysis of how best to address the problem of coordinated oligopolistic price elevation, and compares the resulting direct approach to the orthodox prohibition. In doing so, Louis Kaplow elaborates the relevant benefits and costs of potential solutions, investigates how coordinated price elevation is best detected in light of the error costs associated with different types of proof, and examines appropriate sanctions. Existing literature devotes remarkably little attention to these key subjects and instead concerns itself with limiting penalties to certain sorts of interfirm communications. Challenging conventional wisdom, Kaplow shows how this circumscribed view is less well grounded in the statutes, principles, and precedents of competition law than is a more direct, functional proscription. More important, by comparison to the communications-based prohibition, he explains how the direct approach targets situations that involve both greater social harm and less risk of chilling desirable behavior--and is also easier to apply"--provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Kaplow, Louis
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Competition
  • Antitrust law
  • Price fixing
Label
Competition policy and price fixing, Louis Kaplow
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 455-474) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Preface -- Introduction -- Horizontal agreements -- Defining the problem -- Communications -- Statutory provisions and higher court interpretations -- U.s. lower court practice -- Paradox of proof -- Oligopoly theory and the agreement requirement -- Price-fixing policy -- Social welfare -- Framework for decision-making -- Detection : market-based evidence -- Detection : other types of evidence -- Liability assessment -- Sanctions -- Unilateral market power -- Additional considerations -- Comparison of approaches -- Communications-based prohibition -- Detection of prohibited communications -- Further topics
Control code
FIEb17300770
Dimensions
24 cm.
Extent
xvi, 490 pages
Isbn
9780691158624
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)820123556
Label
Competition policy and price fixing, Louis Kaplow
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 455-474) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Preface -- Introduction -- Horizontal agreements -- Defining the problem -- Communications -- Statutory provisions and higher court interpretations -- U.s. lower court practice -- Paradox of proof -- Oligopoly theory and the agreement requirement -- Price-fixing policy -- Social welfare -- Framework for decision-making -- Detection : market-based evidence -- Detection : other types of evidence -- Liability assessment -- Sanctions -- Unilateral market power -- Additional considerations -- Comparison of approaches -- Communications-based prohibition -- Detection of prohibited communications -- Further topics
Control code
FIEb17300770
Dimensions
24 cm.
Extent
xvi, 490 pages
Isbn
9780691158624
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)820123556

Subject

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