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Competition Policy and Price Fixing$
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Louis Kaplow

Print publication date: 2013

Print ISBN-13: 9780691158624

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691158624.001.0001

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Detection: Market-Based Evidence

Detection: Market-Based Evidence

(p.256) 10 Detection: Market-Based Evidence
Competition Policy and Price Fixing

Louis Kaplow

Princeton University Press

This chapter focuses on evidence derived from the observation of market conditions and behavior that bears on the presence of successful oligopolistic coordination. There are a number of ways to infer the existence of successful oligopolistic coordination using market-based evidence. This chapter extends that substantial body of prior work in a number of respects: it devotes greater attention to certain difficulties due to firms' strategic responses designed to mask their behavior, to possible synergies available from combining different indicators with each other and with other types of evidence, and to relative costs in terms of chilling effects, a subject that has been largely neglected. Regarding some factors that imply coordination, it is important to keep in mind that their absence may often negate its existence, where absence should be understood as not merely constituting ambiguity and difficulty of proof but rather demonstration of nonexistence.

Keywords:   detection, market-based evidence, market conditions, market behavior, corporate strategy, chilling effects

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