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Kaplow, Louis - 2018

The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there … reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …

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

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

Horizontal merger analysis

Kaplow, Louis - 2020

Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency … employed despite the presence of substantial distortions (many due to imperfect competition) in many sectors of the economy …

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

Competition Policy in a Simple General Equilibrium Model

Kaplow, Louis - 2021

competition policy, undertakes partial equilibrium analysis in a single sector, often with a fixed number of firms. This article … 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

Who will vote quadratically? : voter turnout and votes cast under quadratic voting

Kaplow, Louis; Kominers, Scott Duke - 2016

Who will vote quadratically in large-N elections under quadratic voting (QV)? First, who will vote? Although the core QV literature assumes that everyone votes, turnout is endogenous. Drawing on other work, we consider the representativeness of endogenously determined turnout under QV. Second,...

Persistent link: https://www.econbiz.de/10011578439

Optimal design of private litigation

Kaplow, Louis - 2017

This article translates and extends Becker (1968) from public law enforcement to private litigation by examining optimal legal system design in a model with private suits, signals of case strength, court error, and two types of primary behavior: harmful acts that may be deterred and benign acts...

Persistent link: https://www.econbiz.de/10011772058

Optimal multistage adjudication

Kaplow, Louis - 2017

In many settings, there are preliminary or interim decision points at which legal cases may be terminated: e.g., motions to dismiss and for summary judgment in U.S. civil litigation, grand jury decisions in criminal cases, and agencies' screening and other exercises of discretion in pursuing...

Persistent link: https://www.econbiz.de/10011674088

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

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

A model of the optimal complexity of rules

Kaplow, Louis - 1992

Persistent link: https://www.econbiz.de/10000136570

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