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Kaplow, Louis - 2020

Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency … standard models, and more broadly to diverge with how economic analysis of proposed mergers should be and often is conducted …, fails to draw on the most relevant fields of economics; entry is often a misanalyzed afterthought; official information …

Persistent link: https://www.econbiz.de/10012428221

Price-fixing policy

Kaplow, Louis - 2018

reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …

Persistent link: https://www.econbiz.de/10011810824

Competition Policy in a Simple General Equilibrium Model

Kaplow, Louis - 2021

The flow of resources across sectors to their best use, with concomitant entry and exit, is central to the functioning … examines competition policy in a simple, multi-sector, general equilibrium model with free entry and exit. Even partial … equilibrium analysis yields some lessons, such as that accounting for free entry often makes strengthening competition policy more …

Persistent link: https://www.econbiz.de/10013246726

An Economic Approach to Price Fixing

Kaplow, Louis - 2015

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...

Persistent link: https://www.econbiz.de/10013037859

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Direct Versus Communications-Based Prohibitions on Price Fixing

Kaplow, Louis - 2015

This article compares two policies toward coordinated oligopolistic price elevation. Most commentators endorse the view that the law should (and does) prohibit only those price elevations produced by certain sorts of interfirm communications, such as secret price negotiations. In contrast,...

Persistent link: https://www.econbiz.de/10013037788