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Competition Policy and Price Fixing (Hardcover) Loot Price: R1,465
Discovery Miles 14 650
You Save: R254 (15%)
Competition Policy and Price Fixing (Hardcover): Louis Kaplow

Competition Policy and Price Fixing (Hardcover)

Louis Kaplow

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List price R1,719 Loot Price R1,465 Discovery Miles 14 650 | Repayment Terms: R137 pm x 12* You Save R254 (15%)

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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.

General

Imprint: Princeton University Press
Country of origin: United States
Release date: June 2013
First published: 2013
Authors: Louis Kaplow
Dimensions: 241 x 164 x 36mm (L x W x T)
Format: Hardcover
Pages: 490
ISBN-13: 978-0-691-15862-4
Categories: Books > Business & Economics > Economics > International economics > International finance
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Competition law
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LSN: 0-691-15862-2
Barcode: 9780691158624

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