Competition Policy and Price Fixing (Hardback)

Louis Kaplow

Edité par Princeton University Press, 2013
ISBN 10: 0691158622 / ISBN 13: 9780691158624
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Language: English . Brand New Book. 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. N° de réf. du libraire

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Synopsis :

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.


Critique: "[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 policy issues than those in charge of its implementation." --David Encaoua, Journal of Economics

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Titre : Competition Policy and Price Fixing (...
Éditeur : Princeton University Press
Date d'édition : 2013
Reliure : Hardback
Etat du livre : New

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Kaplow, Louis
Edité par Princeton University Press (2013)
ISBN 10 : 0691158622 ISBN 13 : 9780691158624
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Description du livre Princeton University Press, 2013. Hardcover. État : Used: Like New. Fine, clean condition, some shelf wear - clean pages ***. N° de réf. du libraire A-20639

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Description du livre Princeton University Press, 2013. Hardcover. État : New. New - excellent, clean condition, hard bound with dust jacket *** Publisher: Princeton University Press 2013 ***. N° de réf. du libraire 56-4-competition6-p0715

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Description du livre Princeton University Press, 2013. HRD. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire BB-9780691158624

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Description du livre Princeton University Press. Hardback. État : new. BRAND NEW, Competition Policy and Price Fixing, Louis Kaplow, 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. N° de réf. du libraire B9780691158624

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Description du livre Princeton University Press, United States, 2013. Hardback. État : New. 236 x 165 mm. Language: English . Brand New Book. 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. N° de réf. du libraire AAU9780691158624

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Louis Kaplow
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ISBN 10 : 0691158622 ISBN 13 : 9780691158624
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Description du livre Princeton University Press, United States, 2013. Hardback. État : New. 236 x 165 mm. Language: English . Brand New Book. 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. N° de réf. du libraire AAU9780691158624

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Kaplow, Louis
Edité par Princeton University Press (2013)
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Description du livre Princeton University Press, 2013. État : New. 2013. Hardcover. Num Pages: 512 pages, 25 line illus. BIC Classification: KCLF; LNCH. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 240 x 162 x 36. Weight in Grams: 848. . . . . . . N° de réf. du libraire V9780691158624

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Description du livre Princeton University Press. État : New. 2013. Hardcover. Num Pages: 512 pages, 25 line illus. BIC Classification: KCLF; LNCH. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 240 x 162 x 36. Weight in Grams: 848. . . . . . Books ship from the US and Ireland. N° de réf. du libraire V9780691158624

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