Book Search:  

 

 
Google full text of our books:

bookjacket

Competition Policy and Price Fixing
Louis Kaplow

Hardcover | 2013 | $49.50 / £34.95 | ISBN: 9780691158624
512 pp. | 6 x 9 | 25 line illus. | SHOPPING CART

eBook | ISBN: 9781400846078 |
Our eBook editions are available from these online vendors

Reviews | Table of Contents
Introduction[PDF] pdf-icon

Google full text of this 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.

Louis Kaplow is the Finn M. W. Caspersen and Household International Professor of Law and Economics at Harvard University and a Research Associate at the National Bureau of Economic Research. His books include The Theory of Taxation and Public Economics (Princeton).

Review:

"[H]is contribution to the debate is novel, provocative, and important."--Choice

Endorsement:

"Kaplow has produced what is likely to be recognized as the definitive work on price fixing. His analysis is rigorous, comprehensive, lucid, and convincing."--Richard A. Posner, University of Chicago Law School

"Kaplow challenges--with gusto--the very foundations of existing price fixing doctrine. Read this book with an open mind and you will come away questioning basic concepts long taken for granted in antitrust law. Kaplow's analysis is precise and devastating. Prepare to be challenged and rewarded by this brilliant and radical book."--Carl Shapiro, University of California, Berkeley

"This is an ambitious book by a renowned scholar of antitrust law and economics on one of the most important and difficult topics in antitrust. Professor Kaplow demonstrates that current antitrust law for price fixing is fundamentally flawed and provides a fascinating road map for a new approach."--Richard J. Gilbert, professor emeritus, University of California, Berkeley

"This is the most significant book on the law and economics of collusion since Richard Posner's 1976 classic, Antitrust Law. Kaplow offers a well-conceived framework for examining the welfare impact of a price fixing regime and then uses it to produce many important insights. This provocative book will prove invaluable to scholars in economics and the law who work in the area of antitrust/competition policy. It is a must-read."--Joseph E. Harrington, University of Pennsylvania

Table of Contents:

Preface xiii
1. Introduction 1
PART I: HORIZONTAL AGREEMENTS
2. Defining the Problem 21
3. Communications 50
4. Statutory Provisions and Higher Court Interpretations 69
5. U.S. Lower Court Practice 101
6. Paradox of Proof 125
7. Oligopoly Theory and the Agreement Requirement 174
PART II: PRICE-FIXING POLICY
8. Social Welfare 217
9. Framework for Decision-Making 231
10. Detection: Market-Based Evidence 256
11. Detection: Other Types of Evidence 286
12. Liability Assessment 307
13. Sanctions 322
14. Unilateral Market Power 346
15. Additional Considerations 368
PART III: COMPARISON OF APPROACHES
16. Communications-Based Prohibition 387
17. Detection of Prohibited Communications 398
18. Further Topics 420
19. Conclusion 443
References 455
Index 475

Another Princeton book authored or coauthored by Louis Kaplow:

Subject Areas:

Shopping Cart:

  • For ebooks:

Our eBook editions are available
from these online vendors:

  • Amazon Kindle Store
  • Apple iBooks
  • Barnes & Noble Nook Store
  • Google Play eBook Store
  • Kno eBook Store
  • Kobo eBook Store
  • Many of our ebooks are available through
    library electronic resources including these platforms:

  • Books at JSTOR
  • Ebrary
  • Ebook Library
  • EBSCO Ebooks
  • MyiLibrary
  • Dawsonera (UK)

  • Shopping Cart:

    • For hardcover/paperback orders:

      For hardcover/paperback orders in the United States, Canada, Latin America, Asia, and Australia

      Hardcover: $49.50 ISBN: 9780691158624

      For hardcover/paperback orders in Europe, Africa, the Middle East, and India, and Pakistan

      Hardcover: £34.95 ISBN: 9780691158624

      Add to shopping cart

      Prices subject to change without notice

      File created: 11/10/2014

    Questions and comments to: webmaster@press.princeton.edu
    Princeton University Press

    New Book E-mails
    New In Print
    PUP Blog
    Videos/Audios
    Princeton APPS
    Sample Chapters
    Subjects
    Series
    Catalogs
    Princeton Legacy Library
    Textbooks
    Media/Reviewers
    Class Use
    Rights/Permissions
    Ordering
    Recent Awards
    Princeton Shorts
    Freshman Reading
    PUP Europe
    About Us
    Contact Us
    Links
    F.A.Q.
    PUP Home


    Bookmark and Share
    Send me emails
    about new books in:
    Economics
    Finance
    Law
    Political Science and International Relations
    More Choices