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By Louis Kaplow

Throughout the area, the guideline opposed to cost solving is festival law's most crucial and least arguable prohibition. but there's some distance much less consensus than meets the attention on what constitutes fee solving, and familiar understandings clash with the lessons of oligopoly idea that supposedly underlie glossy festival policy.

Competition coverage and value Fixing offers the wanted analytical origin. It bargains a clean, in-depth exploration of festival law's horizontal contract requirement, offers a scientific research of ways most sensible to handle the matter of coordinated oligopolistic expense elevation, and compares the ensuing direct method of the orthodox prohibition.

In doing so, Louis Kaplow elaborates the correct advantages and prices of strength options, investigates how coordinated rate elevation is better detected in mild of the mistake bills linked to types of facts, and examines applicable sanctions. latest literature devotes remarkably little cognizance to those key topics and as an alternative matters itself with restricting consequences to sure different types of interfirm communications. demanding traditional knowledge, Kaplow indicates how this circumscribed view is much less good grounded within the statutes, rules, and precedents of festival legislations than is a extra direct, useful proscription. extra vital, via comparability to the communications-based prohibition, he explains how the direct procedure pursuits occasions that contain either larger social damage and no more threat of chilling fascinating behavior--and can be more uncomplicated to apply.

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Competition Policy and Price Fixing by Louis Kaplow

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