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Competition policy and price fixing

Author: Louis Kaplow
Publisher: Princeton, NJ : Princeton University Press, 2013.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
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.  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Kaplow, Louis.
Competition policy and price fixing.
Princeton, NJ : Princeton University Press, 2013
(DLC) 2012047888
(OCoLC)820123556
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Louis Kaplow
ISBN: 9781400846078 1400846072
OCLC Number: 847526806
Description: 1 online resource (xvi, 490 pages) : illustrations
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.
Responsibility: Louis Kaplow.

Abstract:

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.

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"[H]is contribution to the debate is novel, provocative, and important."--Choice "[V]ery well documented... I highly recommend to economists and lawyers, as well as those working in competition Read more...

 
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