Jump to ContentJump to Main Navigation
Competition Policy and Price Fixing$
Users without a subscription are not able to see the full content.

Louis Kaplow

Print publication date: 2013

Print ISBN-13: 9780691158624

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691158624.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 16 May 2022

Liability Assessment

Liability Assessment

(p.307) 12 Liability Assessment
Competition Policy and Price Fixing

Louis Kaplow

Princeton University Press

This chapter emphasizes that the internal sources of information discussed in the previous chapter are complementary to each other and to market-based techniques. In deciding whether to assign liability in a particular case, all such evidence on detection should be considered in light of the decision-theoretic approach articulated previously. Some forms of proof are more reliable than others and give rise to different risks of particular types of errors. For example, some market-based techniques that attempt to determine firms' marginal costs could result in adverse incentive effects in the case of underestimation, making it optimal to find liability only if the measured price elevation is substantial or other confirming evidence is present. The chapter also considers two additional matters: liability for attempts and the problem of determining which firms should be held liable.

Keywords:   liability, liability assessment, internal evidence, market-based techniques, detection, decision-theoretic approach

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.