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http://ssrn.com/abstract=1873412
 
 

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An Economic Approach to Price Fixing


Louis Kaplow


Harvard Law School; National Bureau of Economic Research (NBER)

May 1, 2011

Harvard Law and Economics Discussion Paper No. 694

Abstract:     
This article examines optimal policy toward coordinated oligopolistic price elevation. First, it analyzes the social welfare implications of enforcement, elaborating the value of deterrence and the nature of possible chilling effects. Then, it explores a variety of means of detection, with particular attention to the sorts of errors that may arise under each. Finally, it examines the level and type of sanctions that should be employed. It emerges that there is remarkably little overlap in content between the present investigation and prior legal policy work on the subject. Some central issues have been ignored while particular resolutions of others have been taken for granted, thereby indicating the need for wholesale reassessment.

Number of Pages in PDF File: 96

JEL Classification: D43, K21, L13, L41

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Date posted: June 27, 2011 ; Last revised: September 24, 2013

Suggested Citation

Kaplow, Louis, An Economic Approach to Price Fixing (May 1, 2011). Harvard Law and Economics Discussion Paper No. 694. Available at SSRN: http://ssrn.com/abstract=1873412 or http://dx.doi.org/10.2139/ssrn.1873412

Contact Information

Louis Kaplow (Contact Author)
Harvard Law School ( email )
1575 Massachusetts Avenue
Cambridge, MA 02138
United States
617-495-4101 (Phone)
617-496-4880 (Fax)
HOME PAGE: http://www.law.harvard.edu/faculty/directory/facdir.php?id=32&show=bibliography
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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