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Treble Damage Awards in Private Lawsuits for Price Fixing

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  • Salant, Stephen W

Abstract

The traditional model for assessing the effects of treble damage pena lties on price fixing is reexamined and shown to yield surprising res ults. Unless the probability of detection is extremely sensitive to the price charged, increasing the damage multiple will affect neither market efficiency nor expected distribution, and will raise the mark et price. Copyright 1987 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 95 (1987)
Issue (Month): 6 (December)
Pages: 1326-36

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Handle: RePEc:ucp:jpolec:v:95:y:1987:i:6:p:1326-36

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Cited by:
  1. Schinkel, Maarten Pieter & Tuinstra, Jan, 2006. "Imperfect competition law enforcement," International Journal of Industrial Organization, Elsevier, vol. 24(6), pages 1267-1297, November.
  2. Gianmaria Martini, 2005. "Hard Core Cartels and Avoidance of Investigation in the Presence of an Antitrust Authority," Working Papers 0505, Department of Economics and Technology Management, University of Bergamo.
  3. Rüggeberg, J. & Schinkel, M.P. & Tuinstra, J., 2005. "Illinois Walls: How barring indirect purchaser suits facilitates collusion," CeNDEF Working Papers 05-10, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
  4. Michael Katz, 2002. "Recent Antitrust Enforcement Actions by the U.S. Department of Justice: A Selective Survey of Economic Issues," Review of Industrial Organization, Springer, vol. 21(4), pages 373-397, December.
  5. Hunold, Matthias, 2013. "The effects of cartel damage compensations," ZEW Discussion Papers 13-081, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  6. Bourjade, Sylvain & Rey, Patrick & seabright, paul, 2009. "Private antitrust enforcement in the presence of pre-trial bargaining," MPRA Paper 34840, University Library of Munich, Germany.
  7. McAfee, R. Preston & Mialon, Hugo M. & Mialon, Sue H., 2008. "Private v. public antitrust enforcement: A strategic analysis," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 1863-1875, October.
  8. repec:dgr:uvatin:2005049 is not listed on IDEAS
  9. Gianmaria MARTINI & Cinzia ROVESTI, 2004. "Antitrust policy and price collusion : public agencies vs delegation," Discussion Papers (REL - Recherches Economiques de Louvain) 2004021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  10. Schwartz, Warren F. & Wickelgren, Abraham L., 2011. "Optimal antitrust enforcement: Competitor suits, entry, and post-entry competition," Journal of Public Economics, Elsevier, vol. 95(7), pages 967-972.
  11. Joseph E. Harrington, 2005. "Optimal Cartel Pricing In The Presence Of An Antitrust Authority," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(1), pages 145-169, 02.
  12. Justus Haucap, 2008. "Whinston, M. D.: Lectures on Antitrust Economics (Cairoli Lecture Series)," Journal of Economics, Springer, vol. 93(3), pages 305-311, 04.
  13. Gianmaria Martini, 2002. "Antitrust Policy and Collusion through Credible Covenants," Working Papers 0204, University of Bergamo, Department of Economics.

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