Additional Considerations
Additional Considerations
This chapter addresses two additional subjects. Institutional issues, which influence the cost and accuracy of investigation and adjudication, are important in fashioning competition rules. Here, the chapter is largely confined to identifying issues rather than resolving them. Second, coordinated behavior may involve not only price—the focus of this book—but also nonprice terms, such as product characteristics, territories, and other dimensions of competitive strategy. The logical structure of the analysis presented throughout is largely relevant to nonprice coordination, although, as this chapter shows, the relative importance of different considerations, particularly concerning detection, can differ significantly depending on the nature of the coordination involved.
Keywords: institutional issues, investigation, adjudication, competition rules, coordinated behavior, nonprice terms, nonprice coordination, detection
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