Antitrust and Prices

Michael F Sproul

Journal of Political Economy, 1993, vol. 101, issue 4, 741-54

Abstract: This study examines the effects of antitrust prosecution on prices charged by firms indicted for price fixing. In a survey of twenty-five cases filed between 1973 and 1984, prices are found to gradually rise by about 7 percent over the four years following an indictment. However, the severity of penalties is negatively correlated with prices. These two findings suggest either that penalties are too lenient or that prosecution is too broad, penalizing economically efficient conspiracies along with those that are inefficient. Copyright 1993 by University of Chicago Press.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (42)

Downloads: (external link)
http://dx.doi.org/10.1086/261895 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.

Related works:
Journal Article: Antitrust and Prices (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:101:y:1993:i:4:p:741-54

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().